smellykat smellykat

19-04-2017
Mathematics

contestada

Kaiden deposited $6200 into a savings account for which interest is compounded weekly at a rate of 2.77%. How much interest will he earn after 8 years?

A. $1537.59
B. $1373.92
C. $201.31
D. $174.09

Respuesta :

TimmyThick TimmyThick

19-04-2017

The answer is actually $71,443.84 since 6200×2.77%= 171.74 and 171.74×(8×52)= 71443.84

Answer Link

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