Markiya deposited $500 in a savings account. The annual interest rate is 2%, and the interest is compounded monthly. Write a com
pound interest function to model this situation. Then find the balance in Markiya’s account after 4 years.
2 answers:
I agree the answer is 40 dollars.
I=Prt
I=500*0.02*4
I=$40
So, basically the answer is $40.
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