SOLUTION: If $700 is invested at 10% compounded yearly, what is the interest earned after: 6 years(Interest earned)= 5 years(Interest earned)=

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Question 1034892: If $700 is invested at 10% compounded yearly, what is the interest earned after:
6 years(Interest earned)=
5 years(Interest earned)=
Answer by robertb(5830) About Me  (Show Source):
You can put this solution on YOUR website!
Interest earned after 6 years:
700%2A%281%2B0.10%2F1%29%5E%281%2A6%29+-+700+=+700%2A1.10%5E6+-+700+=+540.09.
(After using the amount formula A+=+P%281%2Br%2Fn%29%5E%28nt%29.)
I leave the interest after 5 years up to you.