Question

evelyn invests $3200.00 in an account for 9 months at a 5% annual interest rate, what is evelyns total amount in her account at the end of the term?

Answer 1

3320

Explanation:

So, 9 months is 9/12 of a year which is 3/4.

Each month they get 5/12% of their total money, so 9x5/12=3.75%.

3320