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You put $1500 into an account that earns 4% interest. How much will be in the account after 6 years if the account is compounded monthly?

You put $1500 into an account that earns 4% interest. How much will be in the account after 6 years if the account is compounded monthly?
asked 205k views
13 votes
You put $1500 into an account that earns 4% interest. How much will be in the account after 6 years if the account is compounded monthly?

asked
User The Big Kahuna
by
8.4k points

1 Answer

8 votes

Answer:

hence ,

answer is R.s 360

Explanation:

I=PTR/100

=1500×6×4/100

=360

answered
User RedAce
by
7.7k points
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