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Sarah opens a savings account that has a 2.75% annual interest rate, compounded monthly. She deposits $500 into the account. How much will be in the account after 15 years? $500…

Sarah opens a savings account that has a 2.75% annual interest rate, compounded monthly. She deposits $500 into the account. How much will be in the account after 15 years? $500…
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1 vote
Sarah opens a savings account that has a 2.75% annual interest rate,

compounded monthly. She deposits $500 into the account. How much will
be in the account after 15 years?
$500.00
$754.94

$1255.27

$255.27

asked
User Mweisz
by
8.5k points

1 Answer

5 votes

Answer:

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Explanation:

answered
User Basem
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8.9k points
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