SOLUTION: Determine how much more interest would be earned in the account paying compound interest. Round to the nearest cent. Principal:
$ 600 Rate: 8% Years: 9
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$ 600 Rate: 8% Years: 9
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Question 276331: Determine how much more interest would be earned in the account paying compound interest. Round to the nearest cent. Principal:
$ 600 Rate: 8% Years: 9 Answer by nyc_function(2741) (Show Source):
You can put this solution on YOUR website! Use the formula I = PRT
Here is the set up and you finish.
I = (600)(0.08)(9)
Multiply across and you'll have the answer.
