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3 years ago

14

Angus decided to invest $10,000 into a savings account. If this account earns 2.6% annually, how much money would Angus have ear

ned after 12 years?

2 answers:

ASHA 777 [7]3 years ago

7 0

Total = Principal * (1 + rate) ^ years
Total = 10,000.00 * 1.026^12
Total = <span> <span> <span> 13,607.186251 </span>
Total = </span></span><span>13,607.19 (rounded)
</span>

Zielflug [23.3K]3 years ago

7 0

Angus earned 3607.19 because the question is asked for interest earned
I=13,607.19-10000=3607.19

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