SOLUTION: Did I do this problem correct?
Samantha’s savings account has a balance of $3950.00. After 13 years with no withdrawals, how much interest will she have earned at 6% compounded
Algebra ->
Finance
-> SOLUTION: Did I do this problem correct?
Samantha’s savings account has a balance of $3950.00. After 13 years with no withdrawals, how much interest will she have earned at 6% compounded
Log On
Question 995605: Did I do this problem correct?
Samantha’s savings account has a balance of $3950.00. After 13 years with no withdrawals, how much interest will she have earned at 6% compounded annually?
A=P(1+r/n)n*t
A=3950(1+.06/1)1*13
A=8425.07 Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! That looks correct. You need to find
the interest earned, which would be:
$4,475.07 interest earned
