lakishabellamy211
lakishabellamy211 lakishabellamy211
  • 22-12-2020
  • Mathematics
contestada

You deposit $6000 in and account earning 2% interest compounded monthly How much will you have in the account in 10 years ​

Respuesta :

pancake1127
pancake1127 pancake1127
  • 22-12-2020

Answer:

14400 $. do u need an explanation:

so if 6000 is 100 percent

then ??? is 2 percent

to find out that you need to 6000×2 and divide by 2=120$

so you get this monthly.

in ten years you will have 14400 because

10 year=120 month

120month×120$=14400.

btw I cant speak English well. I hope it will help

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