Sarah borrows 1200 from a friend who charges her 10 interest

Sarah borrows $1200 from a friend, who charges her 10% interest compounded yearly. a) Make a table of values showing the amount of money she owes at the end of each year for 6 years, assuming she does not pay any money to her friend over this time. Your first table entry should be for year 0, when she owes $1200.

Solution

solution :

formula for compound interest

now making table by calculating values by putting values in the formula