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A savings account was opened 11 years ago with a deposit of $6,225.50. The account has an interest rate of 3.9% compounded monthly. How much interest has the account earned? $9,553.98 $3,328.48 $247.12
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Jul 14, 2024
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A savings account was opened 11 years ago with a deposit of $6,225.50. The account has an interest rate of 3.9% compounded monthly. How much interest has the account earned?
$9,553.98
$3,328.48
$247.12
$226.21
Mathematics
high-school
RandallShanePhD
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Answer:
$9,553.98 - $6,225.50 = $3,328.48
The interest is $3,328.48
Hamms
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Jul 17, 2024
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Hamms
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