2 years ago, Owen won some money in the lottery and put it in a bank account that earns 15% interest compounded annually. If Owen currently has 400.00 in the bank account, how much interest has he earned?

Solución

Solución

Interest : 97.54

Pasos de solución

Translate the problem into an equation:

400 = 302.45746 \dots + I

Resolver para

I, 400 = 302.45746 \dots + I : I = 97.54

Interest : 97.54

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