FatimahAB FatimahAB

02-02-2017
Mathematics

Answered

kaiden deposited $6200 into a savings account for which interest is compounded weekly at a rate of 2.77% .

How much interest will he earn after 8 years?

Verified Answer :

wolf1728 wolf1728

06-02-2017

Total = Princ (1 + rate/n)^nyears
Total = 6,200 (1 + .0277/52)^528
Total = 6,200 (1.0005326923)^416
Total = 6,200 1.2479984094

Total =

7,737.59

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