Ariana invested $400 in an account paying an interest rate of 3.8% compounded monthly. Assuming no deposits or withdrawals are m
ade, how much money, to the nearest ten dollars, would be in the account after 11 years?
1 answer:
Answer:
After 11years there'll be$602.880
Step-by-step explanation:
Amount after 11years
=$400(1+3.8/100)¹¹
=$602.880
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