A savings account earns 3.6% (APR), compounded monthly, so it earns 0.3% each month. Mauricio has $1000 in the account now. If h

Question

3 years ago

9

A savings account earns 3.6% (APR), compounded monthly, so it earns 0.3% each month. Mauricio has $1000 in the account now. If h

e deposits an additional $500 at the beginning of the month, how much total interest will Mauricio receive at the end of the month?
A) $1.50
B) $5.40
C) $4.50
D) $4.80

Business

2 answers:

Anna35 [415] · Answer 1 · 2022-07-01T17:51:25+03:00

Anna35 [415]3 years ago

7 0

The answer is 4.50 I hope it's help you

den301095 [7] · Answer 2 · 2022-07-01T18:56:28+03:00

den301095 [7]3 years ago

3 0

Answer: $4.50 for apex :)