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3 years ago

5

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

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

2 answers:

Alex73 [517]3 years ago

5 0

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

Margaret [11]3 years ago

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.

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