Christine opened a savings account and deposited 300.00 as principal. The account earns 11% interest, compounded quarterly. How much interest will she earn after 8 years?

Solución

Solución

Interest : 414.73

Pasos de solución

Translate the problem into an equation:

714.72641 \dots = 300 + I

Resolver para

I, 714.72641 \dots = 300 + I : I = 414.73

Interest : 414.73

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