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Leah Deposited $7000 in an account that earns 2% interest compounded annually. How much interest will she have earned after 6 years?

Leah Deposited $7000 in an account that earns 2% interest compounded annually. How much interest will she have earned after 6 years?
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Leah Deposited $7000 in an account that earns 2% interest compounded annually. How much interest will she have earned after 6 years?

User Mukwux
by
7.8k points

1 Answer

4 votes

Answer:

840

Explanation:

7000×2×6 ÷ 100. since it is 2%

= 840

User Axalo
by
8.6k points
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