lucyliang7369
lucyliang7369 lucyliang7369
  • 19-05-2021
  • Mathematics
contestada

Calculate the compound
interest on investing $600 for
2 years at 7% per annum.​

Respuesta :

clarch19
clarch19 clarch19
  • 19-05-2021

Answer:

$86.94

Step-by-step explanation:

A = 600(1 + .07)²

I = 686.94

Answer Link
spectrojamz
spectrojamz spectrojamz
  • 19-05-2021

Answer:

Compound Interest (CI) = Amount - principal

Amount = P(1 + R/100)^n

= 600(1+7/100)²

=600(107/100)²

A= 686.94

CI = A - P

= 686.94 - 600

Compound interest = 86.94$

Answer Link

Otras preguntas

What lymphatic disorder is most likely depicted in the photo below?
The formula for the circumference of a circle is C = 2nr. Find the circumference of a circle with a diameter of 4 ft.
An airliner travels 35 miles in 4 minutes. What is its speed in miles per hour?
What parts of this contract do you think caused the sharecroppers to be in debt to plantation owners?
I need help please hurry I’m on a schedule
What are the chemical compounds of DNA?
What usually occurs after a mass extinction? * Plant life takes over Species stop reproducing Biodiversity increases
M 135° Angle JKL is a straight angle. The measure of angle JKM is 135º. The measure of angle MKL is xº. What is the value of x
hello i wanted to what 1,00000x20 is thank you for answering :)
starting a business give me list of ideas on what should i sell as a beginner :)