The amount of interest accrued on a $7,000 loan with 6% interest after t years.
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$1059.83 Use this formula:
P=principal of 519
r= your rate of 4.2% as a decimal
n=number of compounding periods; yours is daily or 365 day in a year.
t=time involved of the investment in years; yours is 17
P=principal of 519
r= your rate of 4.2% as a decimal
n=number of compounding periods; yours is daily or 365 day in a year.
t=time involved of the investment in years; yours is 17