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Jack is planning to invest 65 000 at 4.8% p.a. for 7 years with interest compounded monthly. Calculate the compound interest earned on Jack’s investment.

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解答

Jackisplanningtoinvest65000at4.8%p.a.for7yearswithinterestcompoundedmonthly.CalculatethecompoundinterestearnedonJack’sinvestment.

解答

Interest:25896.1
求解步骤
Translate the problem into an equation:90896.09641…=65000+I
求解 I,90896.09641…=65000+I:I=25896.1
Interest:25896.1

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