3 years ago, Britney won some money in the lottery and put it in a bank account that earns 4% interest compounded quarterly. If Britney currently has 500.00 in the bank account, how much interest has she earned?

Solución

Solución

Interest : 56.28

Pasos de solución

Translate the problem into an equation:

500 = 443.72461 \dots + I

Resolver para

I, 500 = 443.72461 \dots + I : I = 56.28

Interest : 56.28

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