Given that Alice invests $ 1000 at 2% interest compounded monthly over a 5 year period, assuming no other money is deposited or withdrawn, to determine what is the total amount of money in her account after 5 years, the following calculation must be performed:
X = 1,000 (1 + 0.02 / 12) ^ 5x12
X = 1,105.08
Thus, the amount of money in her account after 5 years would be $ 1,105.08.
No because the scale factors are different. You can see that QR compared to VT the scale factor is 2, but in RS and TU it's different, so they are not similar.
