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MathematicsMathematics
13 February, 05:42

Angus decided to invest $10,000 into a savings account. If this account earns 2.6% annually, how much money would Angus have earned after 12 years?

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Answers (2)
  1. 13 February, 07:30
    0
    Total = Principal * (1 + rate) ^ years

    Total = 10,000.00 * 1.026^12

    Total = 13,607.186251

    Total = 13,607.19 (rounded)
  2. 13 February, 09:06
    0
    Angus earned 3607.19 because the question is asked for interest earned

    I=13,607.19-10000=3607.19
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Home » Mathematics » Angus decided to invest $10,000 into a savings account. If this account earns 2.6% annually, how much money would Angus have earned after 12 years?
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