nataliezavala004 nataliezavala004

23-11-2020
Mathematics

contestada

Jesse deposited $3600 and a new regular savings account earns 6% interest compounded monthly. How much is in the account after one year?

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gracelynhill gracelynhill

23-11-2020

Answer:

3816

Step-by-step explanation:

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mayie07 mayie07

23-11-2020

3,600 deposit
6% interest per month
1 year = 12 months
3, 600 * .06 = 216 ( one month)
216 * 12 = 2,592
3,600 + 2592 = 6,192 (after one year)

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