Asked by lennox

calculate the compound interest on investing $600 for 2 years at 7% per annum
Answered by Reiny
amount = 600(1.07)^2 = 686.94

So $86.94 was gained in interest.
Answered by Jermaine Tot
calculate the compound interest on investing $600 for 2 years at 7% per annum.
Answered by Mari
600 x 7x1=$42
600x42=$642
642x7x1=44.94
42+44.94=86.94
Answered by Glenice
86.94