Ask Question
10 April, 15:09

If $1,100 is deposited into a savings account offering 11% interest paid annually, approximately how much money will be in the account in 10 years?

$12,100

$11,000

$3,123

$1,227

+2
Answers (1)
  1. 10 April, 15:20
    0
    A=1,100 * (1+0.11) ^ (10)

    A=3,123.36
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If $1,100 is deposited into a savings account offering 11% interest paid annually, approximately how much money will be in the account in ...” 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