Asked by Leah

48 weeks ago, Gabriella invested at 3.9% interest, compounded weekly. Today, her investment is worth $225.50. How much interest has Gabriella's account earned in the past 48 weeks?

11 years ago

Answered by Steve

P(1+.039/52)^(48) = 225.50
P = 217.59

225.50-217.59 = 7.91 interest

11 years ago

Answered by Leah

Thanks Steve!!!

11 years ago

There are no AI answers yet. The ability to request AI answers is coming soon!

Submit Your Answer

We prioritize human answers over AI answers.

If you are human, and you can answer this question, please submit your answer.

Duplicate Question

Original Question

Asked by Leah

Answers

Submit Your Answer

Related Questions