At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
I would use the little formula in the upper left corner. In fact, I betcha that's WHY it's there. It's the formula for any amount growing with interest compounded annually. ... The 'B' is the principle ... that's your 1,100. The 'I' is the interest factor. For 8%, I is 1.08. And the little 'n' exponent is the number of years it grows. When you're done, the total result is what it's worth after 15 years. When you subtract off the original 1,100 the rest is the interest it earned.
Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.