Rosa has $3,000 in a savings account that earns 14% interest, compounded annually. To the nearest cent, how much interest will sh

Question

Rosa has $3,000 in a savings account that earns 14% interest, compounded annually.

To the nearest cent, how much interest will she earn in 4 years?​

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Isabella 2 weeks 2021-11-16T05:57:44+00:00 1 Answer 0 views 0

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    2021-11-16T05:59:35+00:00

    Answer:

    $2066.88

    Step-by-step explanation:

    3000(1.14)⁴ = 5066.88048

    is will be the amount in the account after 4 years

    Out of which,

    5066.88048 – 3000 = 2066.88048 is the interest

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