Question

If $1,100 is deposited into a savings account offering 11% interest paid annually, approximately how much money will be in the account in 10 years?

$12,100
$11,000
$3,123
$1,227

Answer 1

C $3,123 this is the answer in odisyware.

Answer 2

A=1,100×(1+0.11)^(10)
A=3,123.36