6 years ago, Kurt won some money in the lottery and put it in a bank account that earns 7% interest compounded monthly. If Kurt currently has 200.00 in the bank account, how much interest has he earned?

Solución

Solución

Interest : 68.43

Pasos de solución

Translate the problem into an equation:

200 = 131.56981 \dots + I

Resolver para

I, 200 = 131.56981 \dots + I : I = 68.43

Interest : 68.43

Ejemplos populares

the sum of the consecutive number is 35. What are the numbers?in three tosses of a die, find the probability that a 5 will appear twice?The sum of three tenths of a number and 1 When 6 is added to a certain number, the result is 19 . Determine the number.There are 4 consecutive even integers that sum to 20