How much money will be in your bank account after 3 years if you deposit $12,000 and earn 2% interest compounded monthly?

Question

asked Nov 2, 2022 176k views

1 Answer

Nnythm · Answer 1 · 2022-11-09T10:05:54+0000

Answer:

$12,741.4

Explanation:

If there are no additional deposits, the final balance is $12,741.4, and the the total compound interest is $741.4.