Compound InterestIf you deposit $100 in a savings ac-count
Chapter 1, Problem 76(choose chapter or problem)
Compound InterestIf you deposit $100 in a savings ac-count at the end of each month for 2 years, the bal-ance will be a functionf(r) of the interest rate,r%. At 7% interest (compounded monthly),f(7) = 2568.10andf?(7) = 25.06. Approximately how much additionalmoney would you earn if the bank paid 712% interest?
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer