Jamie opened a savings account and deposited 800.00 as principal. The account earns 13% interest, compounded monthly. How much interest will he earn after 10 years?

Solución

Solución

Interest : 2114.99

Pasos de solución

Translate the problem into an equation:

2914.98661 \dots = 800 + I

Resolver para

I, 2914.98661 \dots = 800 + I : I = 2114.99

Interest : 2114.99

Ejemplos populares

Sheri can invest at 9.3% in a continuous interest account. She would like to have 500,000 at the end of 10 years. How much money should she invest?The radius of a circle is 4 inches. What is the circle's circunferencia?Lakeside's current population is 280,421 residents, which is 5% smaller than at the time of its founding. What was the population of Lakeside back then?49 decreased by twice a number Determine the simple interest for this loan-round your answer to the nearest cent:9,698.17 at 4.51% for 63 years.