allinson was left an inheritance by her great aunt on her 12th birthday but she´s no allowed to touch it until shes 21. she inherited 50000 on an account with 2% interest how much intrest would she hav earned at 21 years old
Iterest was earned for 9 years = (21 - 12)
So....the interest earned = Ending amt - Beginning amt =
50000 ( 1.02)^9 - 50000 =
$9764.52
