SOLUTION: Sophia and Issac invested $27000 for 6 years p.a. interest compounding annually. What is the amount of interest earned?

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Question 1127156: Sophia and Issac invested $27000 for 6 years p.a. interest compounding annually. What is the amount of interest earned?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
It is 27000(1.06)^6=$38,300.02
Interest earned is that minus $27,000 or $11,300.02