Perry Deposited 8,250 into a savings account 13 years ago. The account has an interest rate of 4.7% and then balance is currentl

Question

3 years ago

5

y 14,988.59. how often does the interest compound?
daily
monthly
quarterly
annually

2 answers:

Alex73 [517] · Answer 1 · 2021-12-19T14:14:05+03:00

5 0

Instead of dividing it would be annually but if your multiplying then it would br monthly.

Margaret [11] · Answer 2 · 2021-12-19T13:04:34+03:00

4 0

Perry deposited $8,250 into a savings account 13 years ago. The account has an interest rate of 4.7% and the balance is currently $14,988.59.