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Derek opened up a savings account that earns 1.25% interest, compounded monthly. If he put $750 in the account to start, how much money would be in his account 7 years later, as…

Derek opened up a savings account that earns 1.25% interest, compounded monthly. If he put $750 in the account to start, how much money would be in his account 7 years later, as…
asked 133k views
3 votes
Derek opened up a savings account that earns 1.25% interest, compounded monthly. If

he put $750 in the account to start, how much money would be in his account 7 years
later, assuming no additional money was deposited or withdrawn from the account?

asked
User FelHa
by
8.2k points

1 Answer

5 votes

Answer:

1537.92$

Explanation:

answered
User Mruf
by
7.7k points
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