FatimahAB FatimahAB

02-02-2017
Mathematics

contestada

kaiden deposited $6200 into a savings account for which interest is compounded weekly at a rate of 2.77% .
How much interest will he earn after 8 years?

Respuesta :

wolf1728 wolf1728

07-02-2017

Total = Princ * (1 + rate/n)^n*years
Total = 6,200 * (1 + .0277/52)^52*8
Total = 6,200 * (1.0005326923)^416
Total = 6,200 * 1.2479984094
Total = 7,737.59

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