justicehall2002 justicehall2002

10-04-2019
Mathematics

contestada

For 50 points and brainliest! Someone please help this is time sensitive!

Nolan deposited $2300 into a savings account for which interest is compounded weekly at a rate of 2.12%. How much interest will he earn after 7 years?
a) $49.27
b) $55.98
c) $367.87
d) $700.89

Respuesta :

BettaRasbora BettaRasbora

10-04-2019

Answer:

$367.87

Step-by-step explanation:

[tex]P[(1 + r/100n)]^nt[/tex]

[tex](2300)[(1 + (2.12)/100n)]^(52)(7)[/tex]

[tex]367.87[/tex]

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