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HALLPPP DUE TODAY!!!! I RLLY NEED THIS DONE ASAP!! PLS AND THANK YOU!!!!

Find the compound interest
Principal: $750
Interest Rate: 6% or 0.06 Time: 2 years

HALLPPP DUE TODAY!!!! I RLLY NEED THIS DONE ASAP!! PLS AND THANK YOU!!!! Find the-example-1
User Rosejn
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2 Answers

4 votes
750(1+.06) to the power of 2
= 842.7 - total
= 92.7 - interest
User KBriggs
by
4.5k points
7 votes

Answer:92.7

Explanation:

Use the compound interst formula: A= P(1+r)^n

750(1+.06)^2=842.7

Now substract the principal to find the compound interest : 842.7-750= 92.7

Hope it helps

User Raja Nadar
by
4.5k points