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Claire is opening her first savings account with a $200 deposit. Her account pays 0.5% interest compounded monthly. How much will this $200 earn in interest over the next 20 years?
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Claire is opening her first savings account with a $200 deposit. Her account pays 0.5% interest compounded monthly. How much will this $200 earn in interest over the next 20 years?

User Leopoldo Sanczyk
by
7.5k points

1 Answer

6 votes
If adding

48240

If subtracting

47760
User MikePR
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7.5k points
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