107k views
17 votes
Hans opens a savings account by depositing $1200. The account earns 0.2 percent interest compounded weekly. How much will be in the account in 10 years if he makes no more deposits? Assume that there are exactly 52 weeks in a year, and round your answer to the nearest cent.

2 Answers

9 votes

Answer:124800

Step-by-step explanation:1200x.2=240, 52x10=520, 240x520=124,800

User Andy Taw
by
5.8k points
2 votes

Answer:

$1,619.69

Explanation:

its right i checked

User Nocksock
by
6.3k points
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