micaiahjones06 micaiahjones06

26-02-2020
Mathematics

contestada

Rosa has $3,000 in a savings account that earns 14% interest, compounded annually.

To the nearest cent, how much interest will she earn in 4 years?

Respuesta :

amna04352 amna04352

26-02-2020

Answer:

$2066.88

Step-by-step explanation:

3000(1.14)⁴ = 5066.88048

is will be the amount in the account after 4 years

Out of which,

5066.88048 - 3000 = 2066.88048 is the interest

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