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20 December, 07:53

Suppose alan places $9000 in an account that pays 12% interest compunded each year. Find the amount in the account at the end of 1 year

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  1. 20 December, 07:54
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    There would be $10,080 in the account

    Step-by-step explanation:

    To find this, start by finding the interest amount. You can do this by multiplying the total in the account by the percentage of interest.

    $9,000 * 12% = $1,080

    Now add the interest to the original amount.

    $9,000 + $1,080 = $10,080
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