Question

​$200 at 7​% compounded annually for 9 years

Answer 1

The answer is $367.69 after 9 years.
A = P + I where P (Principal/start) = $200.00 and I (Interest) = $167.69.

Hope this helps :)

Answer 2

The amount is $367.697

Step-by-step explanation:

Given the principal amount (P) is $200

Rate of interest (r) = 9 years

Time (n) = 9 years

Compound interest is calculated by the formula,

`A=P\left(1+(r)/(100)\right)^(n)`

Substituting the values,

`A=200 * \left(1+(7)/(100)\right)^(9)`

`A=200 * \left((107)/(100)\right)^(9)`

A = $367.697

Therefore, the amount is $367.697