Register
$10000 invested at 7.8% compounded annually for 2 years
155k views
0 votes
$10000 invested at 7.8% compounded annually for 2 years

User Jeremy Fuller
by
6.9k points

1 Answer

5 votes
the formula is i=prt which is interest = principal times rate times time.
i = (10,000)(.078)(2)
i = 1,560
the interest would be $1,560.

Hope this helps!

User Tigre
by
9.0k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!