$10000 invested at 7.8% compounded annually for 2 years

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10-11-2016
Mathematics

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$10000 invested at 7.8% compounded annually for 2 years

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macgirl234 macgirl234 · Answer 1 · 2016-11-10T19:54:36+01:00

macgirl234 macgirl234

10-11-2016

the formula is i=prt which is interest = principal times rate times time.
i = (10,000)(.078)(2)
i = 1,560
the interest would be $1,560.

Hope this helps!

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