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Y.7 Exponential growth and decay: word problems UKG Nicholas has $5,495 in an account that earns 14% interest compounded annually. To the nearest cent, how much interest will he…

Y.7 Exponential growth and decay: word problems UKG Nicholas has $5,495 in an account that earns 14% interest compounded annually. To the nearest cent, how much interest will he…
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Y.7 Exponential growth and decay: word problems UKG

Nicholas has $5,495 in an account that earns 14% interest compounded annually.
To the nearest cent, how much interest will he earn in 4 years?
$

User Christyl
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1 Answer

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The interest earned in 4 years will be $3,845.95.
User Latanius
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