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Alexander invested $320 in an account paying an interest rate of 1.5% compounded annually. Assuming no deposits or withdrawls were made , how much money , to the nearest hundred…

Alexander invested $320 in an account paying an interest rate of 1.5% compounded annually. Assuming no deposits or withdrawls were made , how much money , to the nearest hundred…
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Alexander invested $320 in an account paying an interest rate of 1.5% compounded annually. Assuming no deposits or withdrawls were made , how much money , to the nearest hundred dollars , would be on the account after 18 years ​

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User Rudigrobler
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8.7k points

1 Answer

6 votes

Answer:

The amount is $418.35 and the interest is $98.35

Explanation:

answered
User Jesse Proulx
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8.3k points
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