Question

​$200 at 7​% compounded annually for 9 years

Answer 1

The answer is $367.69 after 9 years.
A = P + I where P (Principal/start) = $200.00 and I (Interest) = $167.69.

Hope this helps :)

Answer 2

Answer:

The amount is $367.697

Explanation:

Given the principal amount (P) is $200

Rate of interest (r) = 9 years

Time (n) = 9 years

Compound interest is calculated by the formula,

$A=P\left(1+\frac{r}{100}\right)^{n}$

Substituting the values,

$A=200 \times \left(1+\frac{7}{100}\right)^{9}$

$A=200 \times \left(\frac{107}{100}\right)^{9}$

A = $367.697

Therefore, the amount is $367.697