madcody2014 madcody2014

04-10-2021
Mathematics

contestada

Ryan invests $12,000 in a savings account with a fixed interest rate of 4.31% compounded monthly. After 10 years what is the balance?

Respuesta :

abigailcatron abigailcatron

07-10-2021

Answer:

$5,172

Step-by-step explanation:

I multiplied by the 4.31% x 12,000 that got me 517.2 but if yo multiplied by 10 that gives me $5,172 years of his balance.

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