Economy, asked by minezbass, 2 days ago

It is known that $850 invested for three years will earn $310. Find the accumulated valued of $7000 invested at the same rate of compound interest for five years.

Answers

Answered by rishithreddynelaturi
0

Answer:

It is known that $600 invested for two years will $264 in interest. Find the accumulated value of $2000 invested at the same rate of compound interest for three years. This is compound interest, so 600[(1+i)^2] = 824.

Similar questions