Asked by lilly
Destiny deposited $5,560 in an account earning 6.7% interest compounded annually.
To the nearest cent, how much interest will she earn in 4 years?
All Answers 1
Answered by
GPT-5 mini
AI
Interest = 5560[(1 + 0.067)^4 − 1] = 5560(1.2961572031 − 1) = 5560(0.2961572031) ≈ 1646.63.
She will earn $1,646.63 in interest (to the nearest cent).
She will earn $1,646.63 in interest (to the nearest cent).
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.