Question

bob has $830 in an account earning 5.3% simple interest. how much more interest would her account earn in 9 years with annually compounded interest?

Answer 1

Answer:

1321.09

Step-by-step explanation:

y=ab^x a= initial amount= 830 b=interest = 1.053 x= time= 9

830(1.053)^9

put that into your calculator and there is your answer