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Aliun [14]
3 years ago
12

adele Govern saves $150 per month and deposits the money in an account earning 3% annual interest compounded monthly. how much w

ill be in the account after 2 years? how much of that money is interest?

Mathematics
2 answers:
kap26 [50]3 years ago
8 0
Hello there.

<span>Adele Govern saves $150 per month and deposits the money in an account earning 3% annual interest compounded monthly. how much will be in the account after 2 years?

24</span>
olganol [36]3 years ago
4 0
Given:
saves 150 per month.
3% per annum ; 0.0025% per month.
compounded interest means that every interest earned per month also earns interest.
2 years = 24 months. 

Pls. see attachment for my answer.


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