Question

Cailynn, an eight year old girl has saved up a total of $400. 00 from birthday checks from her grandparents over the

years. Her parents put the money into a savings account for her. For the next two years it is earning interest

compounded monthly. When she turns 10 years old she has a balance of $507. 89. What is her account's interest

rate? How much did the account balance increase?

Answer 1

Answer:her account interest is 0.6 %

Explanation:can’t explain