Wyatt inherited some money from his grandfather and put it in a bank account that earns 14% interest compounded monthly. After 10 years, Wyatt had 1, 000.00 in the bank account. How much interest did he earn?Round your answer to the nearest cent.

Lời Giải

Lời Giải

Interest : 751.4

Các bước giải pháp

Translate the problem into an equation:

1000 = 248.60343 \dots + I

Giải

I, 1000 = 248.60343 \dots + I : I = 751.4

Interest : 751.4

Ví dụ phổ biến

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