Maya invests $3,000 into a brokerage account

Mathematics

1 answer:

Charra [1.4K]1 year ago

5 0

Answer: $13361.76

Step-by-step explanation:

Amount = initial balance(1 + annual rate/periods per year)^(periods per year*years)

A = 3000(1+0.1/12)^12*15

A = 3000(1.0083)^180

A = 3000(4.4275)

A = 13361.76

Hope this helps!

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