sophkeis6157 sophkeis6157
  • 09-09-2017
  • Mathematics
contestada

Jose now has $500. how much would he have after 6 years if he leaves it invested at 6.7% with annual compounding?

Respuesta :

beartheory
beartheory beartheory
  • 09-09-2017
formula: (principal sum× rate× time) ÷100 = interest

interest: (500×6×6.7) ÷100= 201
201+ 500= 701

hope this helps!
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