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a savings account earns 4.8% apr, compounded monthly, so it earns .4% each month. travis has 1500 in the account now. if he deposits an additional 500 at the beginning of the month, how much total interest will travi receive at the end of the month

2 Answers

7 votes

Answer: $8.00

Step-by-step explanation:

For finding the answer you need to subtract and figure out the toal witch would be 8.00

User Jawad Fadel
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8.1k points
2 votes

The answer is $8.00 on apex ;)

User Cotton
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7.7k points