You put $500 in a savings account which earns compound interest at a rate of 0.2% per month. If you don't make any deposits or w

Question

3 years ago

8

You put $500 in a savings account which earns compound interest at a rate of 0.2% per month. If you don't make any deposits or w

ithdrawls, how much will you have in your account in 10 years (120 months)? Round your answer to the nearest whole cent.
A. $5381.58
B. $3095.87
C. $506.12
D. $635.47

Really need help!

Mathematics

1 answer:

Margarita [4] · Answer 1 · 2021-11-26T06:14:52+03:00

Margarita [4]3 years ago

8 0

I think it is A 5381.58 but I am not sure let me know if I am right