3 years ago

HELP! WILL GIVE BRAINLIEST!

Mathematics

2 answers:

romanna [79]3 years ago

8 0

Answer:

I Know it is B trust me

Step-by-step explanation:

dem82 [27]3 years ago

4 0

Answer:

Step-by-step explanation:

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ANSWER ASAP I WILL GIVE BRAINIEST

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if an amount of $5,000 is deposited into a savings account at an annual interest rate of 5%, compounded monthly, what is the val

Ugo [173]

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$8,240

Step-by-step explanation:

We are given that,

Principle amount in the savings account, P = $5,000.

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Also, the interest is compounded monthly, n = 12

As, we now that the value of the investment is given by $P(1+\frac{r}{n})^{nt}$

Thus, we have,

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