3 years ago

Glen invested 22000 at 7% interest compound annually. how much interest will glen earn in 3 years

1 answer:

3 0

A = P(1+r/n)(nt)
A = 22000(1+0.07/1)^(1*3)
A = 26,950.95

26,950.95 - 22000 = 4950.95

answer: Glen earns $4,950.95 interest in 3 years

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