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Gael deposited $600 in an account that earns 7% interest compounded annually. If he makes no withdrawals or deposits, how much interest will the account earn after 7 years?
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Gael deposited $600 in an account that earns 7% interest compounded annually. If he makes no withdrawals or deposits, how much interest will the account earn after 7 years?
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Jul 9, 2022
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Gael deposited $600 in an account that earns 7% interest
compounded annually. If he makes no withdrawals or deposits, how
much interest will the account earn after 7 years?
Mathematics
high-school
Akshay Kishore
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Over 7 years, there would be 49% increase, so 600 (1.49) = 894
$894
Hjhill
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Jul 15, 2022
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Hjhill
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