Question

Alex has obtained $1,000 and he takes it to the bank where the account is compounded monthly at 5%. He will leave it for 10 years. How much money will he have after 10 years?

A) $647.01 B) $1,042.46 C) $1,647.01 D) $13,4107.18

Answer 1

The answer would be C

Answer 2

I think the answer is D.
I hope this helps!