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Kaiden deposited $6200 into a savings account for which interest is compounded weekly at a rate of 2.77% . How much interest will he earn after 8 years?
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Jun 7, 2018
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Kaiden deposited $6200 into a savings account for which interest is compounded weekly at a rate of 2.77% .
How much interest will he earn after 8 years?
Mathematics
high-school
Smatthewenglish
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Total = Princ * (1 + rate/n)^n*years
Total = 6,200 * (1 + .0277/52)^52*8
Total = 6,200 *
(1.0005326923)^416
Total = 6,200 *
1.2479984094
Total =
7,737.59
Wurstbro
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Jun 13, 2018
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Wurstbro
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