Martha opened a savings account and deposited 300.00 as principal. The account earns 2% interest, compounded quarterly. How much interest will she earn after 3 years?

Solución

Solución

Interest : 18.5

Pasos de solución

Translate the problem into an equation:

318.50334 \dots = 300 + I

Resolver para

I, 318.50334 \dots = 300 + I : I = 18.5

Interest : 18.5

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