freddyrgillepsi freddyrgillepsi

09-04-2018
Mathematics

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HOW MUCH MONEY WILL YOU HAVE IF YOU STARTED WITH $1250 AND PUT IT IN AN ACCOUNT THAT EARNED 6.7% EVERY YEAR FOR 10 YEARS?

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09-04-2018

If you are finding the interest, the formula is
I = prt/100 (principal times rate times time divided by 100)

I = 1250*6.7*10/100

I= 83750/100

I = $837.50 in 10 years

Hope this is correct and helped you :)

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