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.
1 answer:
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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a. volume= 784 is the answer
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389,422 rounded is 400,000.
