anf1304 anf1304

10-03-2022
Mathematics

contestada

Amy invested $1500 in an account with an interest rate of 6.5%
What will the account balance be in 20 years if the interest is compounded monthly?

Respuesta :

diwakarghimire89 diwakarghimire89

10-03-2022

Step-by-step explanation:

p=1500

R=10%

t=20yrs

SI=PTR/100

=1500*10*20/100

=3000

amount(A)=P+I

=1500+3000

=4500

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