Question

Angus decided to invest $10,000 into a savings account. If this account earns 2.6% annually, how much money would Angus have earned after 12 years?

Answer 1

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

Answer 2

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