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?

7.9k points

Please log in or register to add a comment.

3 votes

Answer:

Explanation:

MicE answered Aug 22, 2022

by MicE

8.7k 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

8.4k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.3m questions

12.0m answers