Laura opened a savings account and deposited 800.00 as principal. The account earns 13% interest, compounded annually. How much interest will she earn after 2 years?

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Solución

Solución

Interest : 221.52

Pasos de solución

Translate the problem into an equation:

1021.52 = 800 + I

Resolver para

I, 1021.52 = 800 + I : I = 221.52

Interest : 221.52

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