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You invest 1200 in an account that pays an interest rate of 7.25%, calculate balance of your account after 7 years. Round to the nearest hundredth

You invest 1200 in an account that pays an interest rate of 7.25%, calculate balance of your account after 7 years. Round to the nearest hundredth
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1 vote
You invest 1200 in an account that pays an interest rate of 7.25%, calculate balance of your account after 7 years. Round to the nearest hundredth

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User Pmdj
by
7.9k points

1 Answer

1 vote
Compound or simple interest
answered
User Corashina
by
8.1k points
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