Question

In what will $12,000 amount to $3972 as compound interest if compounded on a yearly basis.

Answer 1

@zepdrix

Answer 2

ok take it one step at a time

Answer 3

lets see so $12,000:3972

Answer 4

ok so we need to find out the intreset

Answer 5

so divide $3972 by $12000 to get $331

Answer 6

so the intrest is 331

Answer 7

@zepdrix

Answer 8

@Jhannybean