+0  
 
0
1029
3
avatar+545 

Maureen deposited $19,000 at 11 percent interest compounded annually. What was the total interest earned at n = 8 years?

 May 25, 2016
 #1
avatar+118670 
0

Hi Katie-Leigh :)

Rate=11%=0.11

Interest= 19000×(1+0.11)^8-19000

 May 25, 2016
 #2
avatar+545 
+5

thank you Melody

Katie-Leigh  May 25, 2016
 #3
avatar+118670 
0

You are very welcome :)

Melody  May 25, 2016

1 Online Users

avatar