he Browns are saving up to go on a family vacation in 5 years. They invest \3100 into an account with an annual interest rate of 1.45% compounded quarterly. How much interest is earned on the Browns' investment after 5 years?

Solución

Solución

Interest : 232.66

Pasos de solución

Translate the problem into an equation:

3332.66079 \dots = 3100 + I

Resolver para

I, 3332.66079 \dots = 3100 + I : I = 232.66

Interest : 232.66

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