asked 11.4k views
1 vote
Roland earned $1,500 last summer. If he deposited the money in a certifi-

cate of deposit that earns 4% Interest compounded monthly, how much
money will he have next summer?

1 Answer

2 votes

Answer:

1561.11 dollars.

Explanation: A = 100 (1 plus .03 over 4) 4.3 A = 100 (1.0075) 12

answered
User ARH
by
7.7k points
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