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valentina_108 [34]
3 years ago
5

David deposited $400 in his account. If his bank offers 2.5% interest compounded monthly, how much will be in his account in 7 y

ears?
Mathematics
1 answer:
Kruka [31]3 years ago
7 0

Answer:

to make it easier let's convert the rate in year

so it will be (2.5×12)

we gotta find CA(compound amount)

P=PRINCIPAL=$400

R=RATE=(2.5×12)%

T=TIME=7 years

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