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3 years ago

$200 at 7% compounded annually for 9 years

2 answers:

5 0

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 :)

Mrrafil [7]3 years ago

5 0

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

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

$200 at 7% compounded annually for 9 years