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sergij07 [2.7K]

2 years ago

9

You deposited 800 dollars in an account that pays 6% interest compounded monthly. How much will your account be worth after 10 y

ears?
A. 276130.00
B. 849.46
C. 1456
D. 1455.52

1 answer:

Korvikt [17]2 years ago

5 0

The answer is D. $14,55.52. I got this answer by using the compound interest formula which would be Y=800(1+.06/12)^12•10. Hope this helps!! :)

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