3 years ago

Kaiden deposited $6200 into a savings account for which interest is compounded weekly at a rate of 2.77%.

1 answer:

5 0

A=p(1+i/m)^mn
A=6,200×(1+0.0277÷52)^(52×8)
A=7,737.59
Interest earned=7737.59-6200=1537.59

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