$700 principal earning 5%, compounded monthly, after 9 years

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asked Jul 4, 2017 147k views

1 Answer

Kiem Nguyen · Answer 1 · 2017-07-10T01:03:15+0000

B=P(1+r/n)^nt

B=Balance
P=Principle
R=rate
n=number of times compounded per year
t=number of years

Plug in the values.

I hope my answers has come to your help. God bless and have a nice day ahead!

$700 principal earning 5%, compounded monthly, after 9 years

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