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MrRa [10]
3 years ago
9

You deposit $200 each month into an account earning 3% interest compounded monthly. How much will you

Mathematics
1 answer:
qwelly [4]3 years ago
3 0
200/100=2
2*3=6
6=1 month’s interest earnings
6*12=72
72=one year’s interest earnings
200*12=2400
2400=one year’s deposit
72*15=1080
1080=15 year’s interest earnings
2400*15=36000
36000=15 year’s deposit
36000+1080=37080
the answer is $37,080.00
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Answer:

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Step-by-step explanation:

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Given,

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∴ The sum of first 10 terms of an AP,

S10 = 10/2 [2(1)+(10−1)2]

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This is the sum of the first 10 terms.

Hope it will help.

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3 years ago
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