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inysia [295]
3 years ago
13

Mackenzie put $6,000.00 in a retirement account that offers 11% interest compounded annually. She makes no additional deposits o

r withdrawals. How much interest will she have earned at the end of 6 years? Make sure you round to the nearest hundreth!
Mathematics
1 answer:
Veronika [31]3 years ago
8 0

Answer:

$39,960

Step-by-step explanation:

11% of 6000

= 11/100 × 6000

=$660

Year 1=$6,660.00

Year 6= $6,660.00 × 6 years

=$39, 960.00

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