Ask Question
11 September, 16:23

Isabel deposits$6000 into an account that earns1.5% interest compounded monthly. assuming no more deposits and no withdrawals are made, how much money is in the account after 4 years?

+4
Answers (1)
  1. 11 September, 16:32
    0
    Interest earned in a month

    (1.5/100) * 6000

    90

    Number of months in 4 years

    12*4

    48

    So the interest earned in 4 years

    90*48

    4320 dollars
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Isabel deposits$6000 into an account that earns1.5% interest compounded monthly. assuming no more deposits and no withdrawals are made, how ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers