Asked by CC
Find the interest earned on $15,000,invested for 6yrs at 4% interest compounded annually
Answers
Answered by
Reiny
amount after 6 yrs
= 15000(1.04)^6
subtract the original 15000 from that to get the interest earned.
= 15000(1.04)^6
subtract the original 15000 from that to get the interest earned.
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