Question

Marty has $5,200 saved for his college education. He invests the money at 2.7% compound interest. How much interest did he earn after 5 years?

Answer 1

The answer is 702. I hope my answer helps you:)

Answer 2

Well, what you would do is multiply those three numbers, and come up with 702, which would be $702. So, he earned $702 interest after 5 years