Question

You deposit $6000 in and account earning 2% interest compounded monthly How much will you have in the account in 10 years ​

Answer 1

14400 $. do u need an explanation:

so if 6000 is 100 percent

then ??? is 2 percent

to find out that you need to 6000×2 and divide by 2=120$

so you get this monthly.

in ten years you will have 14400 because

10 year=120 month

120month×120$=14400.

btw I cant speak English well. I hope it will help