Fred invests $7,824 into an account that yields 4.9% interest annually. How much interest will Fred have earned after 27 years? Round answers to the nearest cent (2 decimal places).

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asked Aug 6, 2022 75.1k views

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Fred invests $7,824 into an account that yields 4.9% interest annually. How much interest will Fred have earned after 27 years? Round answers to the nearest cent (2 decimal places).

Mathematics
high-school

Kye asked

by Kye

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Fred would have earned 31,000 after 16 years

Aaron Miller answered Aug 11, 2022

by Aaron Miller

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