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Marie opened a savings account and deposited 200.00 as principal. The account earns 5% interest, compounded quarterly. How much interest will she earn after 9 years?

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解答

Marieopenedasavingsaccountanddeposited200.00asprincipal.Theaccountearns5%interest,compoundedquarterly.Howmuchinterestwillsheearnafter9years?

解答

Interest:112.79
求解步骤
Translate the problem into an equation:312.78876…=200+I
求解 I,312.78876…=200+I:I=112.79
Interest:112.79

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