380,497 views
44 votes
44 votes
Gael deposited $600 in an account that earns 7% interest

compounded annually. If he makes no withdrawals or deposits, how
much interest will the account earn after 7 years?

User Aaron Zeckoski
by
3.2k points

1 Answer

17 votes
17 votes

Over 7 years, there would be 49% increase, so 600 (1.49) = 894

$894

User Sergeyol
by
3.3k points