The bank offers your deposit of 10000$ at 12% stated interest rate compounded monthly. Determine the rate of interest you can earn in a year

asked Jan 1, 2024 166k views

3 votes

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6 votes

Answer:

$1200.00

Step-by-step explanation:

S.I = PRT

S.I = 10000×12/100×1

S.I = 1200

Adam Sills answered Jan 6, 2024