Ask Question
14 November, 17:39

Perry Deposited 8,250 into a savings account 13 years ago. The account has an interest rate of 4.7% and then balance is currently 14,988.59. how often does the interest compound?

daily

monthly

quarterly

annually

+2
Answers (2)
  1. 14 November, 17:58
    0
    Instead of dividing it would be annually but if your multiplying then it would br monthly.
  2. 14 November, 17:59
    0
    Perry deposited $8,250 into a savings account 13 years ago. The account has an interest rate of 4.7% and the balance is currently $14,988.59.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Perry Deposited 8,250 into a savings account 13 years ago. The account has an interest rate of 4.7% and then balance is currently ...” 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