teezydadon95 teezydadon95

23-07-2021
Mathematics

contestada

Morgan puts $3,200 into an investment account that earns compound
interest at a rate of 0.6% per month. Calculate the accumulated amount in
Morgan's account at the end of the 15th month.

Respuesta :

28-07-2021

Answer:

3500.416

Step-by-step explanation:

Compound interest formula

A = A0(1 + r/n)^nt

3200(1 + 0.6%)^15

3200(1 + 0.006)^15

3200(1.006)^15

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