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faltersainse [42]
3 years ago
7

Jason saved money over the summer, accumulating $1,700. He opened a savings accoun that eams 4% annual interest compounded month

ly. If Jason does not deposit or withdraw from this account for 12 years, find its balance.​
Mathematics
1 answer:
ASHA 777 [7]3 years ago
3 0

Answer:

$2,516

Step-by-step explanation:

Interest: prt

Principal: $1700

Rate: 4%

Time: 12 years

(1700)(0.04)(12)=816

1700+816=2516

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