asked 224k views
4 votes
You put $500 in a savings account which earns compound interest at a rate of 0.2% per month. If you don't make any deposits or withdrawls, how much will you have in your account in 10 years (120 months)? Round your answer to the nearest whole cent.

A. $5381.58
B. $3095.87
C. $506.12
D. $635.47

Really need help!

asked
User Leona
by
8.0k points

1 Answer

6 votes
I think it is A 5381.58 but I am not sure let me know if I am right
answered
User AutoSponge
by
7.3k points
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