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terest formula to compute the total amount accumulated and
$5000 for 3 years at 1.7% compounded monthly
The total amount accumulated after 3 years is $ 5,261.42
(Round to the nearest cent as needed.)
The amount of interest earned is $
(Round to the nearest cent as needed.)

Respuesta :

retirEEd

Answer:

Interest  = $261.42

Step-by-step explanation:

amount of interest earned is $

(Round to the nearest cent as needed.)

Amount = Principal + Interest

Amount - Principal = Interest

$ 5,261.42 -  $5000 = Interest  = $261.42

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