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snow_lady [41]
3 years ago
11

Calculate the compoundinterest on investing $600 for2 years at 7% per annum.​

Mathematics
2 answers:
svlad2 [7]3 years ago
7 0

Answer:

$86.94

Step-by-step explanation:

A = 600(1 + .07)²

I = 686.94

vova2212 [387]3 years ago
3 0

Answer:

Compound Interest (CI) = Amount - principal

Amount = P(1 + R/100)^n

= 600(1+7/100)²

=600(107/100)²

A= 686.94

CI = A - P

= 686.94 - 600

Compound interest = 86.94$

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