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Kobotan [32]
4 years ago
10

An investment of $7000 is made in an account with a 4% interest rate that is compounded monthly. How much interest will the acco

unt have earned in 3 years? Round to two decimal places.
Mathematics
1 answer:
Orlov [11]4 years ago
8 0

Answer:

$10,080

Step-by-step explanation:

4% of $7000 = $280

$280x 12 months= $3360 year

$3360 times 3 years = $10,080

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4 0
3 years ago
PLEASE SOLVE CORRECTLY!!! I HAVE CHECKED THE ANSWER AND IT SAYS $64.67 BUT I DON'T KNOW THE PROCESS TO GET THAT ANSWER!!! HELP!!
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see below

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