Register

John deposited $2860 in a bank that pays 9% interest, compounded monthly. Find the amount he will have at the end of 3 years.

John deposited $2860 in a bank that pays 9% interest, compounded monthly. Find the amount he will have at the end of 3 years.
asked 70.2k views
2 votes
John deposited $2860 in a bank that pays 9% interest, compounded monthly. Find the amount he will have at the end of 3 years.

asked
User Elazar Leibovich
by
8.0k points

2 Answers

4 votes

Answer: 3742.73

Step-by-step explanation:

answered
User Xmedeko
by
8.1k points
4 votes
Please see figure for the answer.
John deposited $2860 in a bank that pays 9% interest, compounded monthly. Find the-example-1
answered
User JesperSM
by
8.0k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!