Derrick has $1,000 in a savings account that ears 15% interest, compounded monthly. To the nearest cent, how much will he have in 2 years?

asked Aug 21, 2022 168k views

22 votes

Derrick has $1,000 in a savings account that ears

15% interest, compounded monthly. To the nearest
cent, how much will he have in 2 years?

5.6k points

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3 votes

Answer:

Explanation:

MicE answered Aug 22, 2022

by MicE

6.2k points

11 votes

Answer: 1,347.35

just took it on a quizziz for class lol, btw there’s a website to calculate it :)

Kamranicus answered Aug 27, 2022

5.3k points

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