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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?
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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?

User Luc Gendrot
by
3.3k points

2 Answers

3 votes

Answer:

A

Explanation:

User MicE
by
3.9k points
11 votes

Answer: 1,347.35

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

User Kamranicus
by
3.6k points
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