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4. Marcus invested $4280 in a savings account that compounds interest monthly

at a rate of 8.5%. If he leaves the money in the account for 6 years without making any
additional deposits or withdrawals, how much money will he have in his account at the end of 6
years?

User Mosaad
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1 Answer

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ask your self frist how many months is in 6 years that would be 72 months .....so now you have 8.5% interest on the amount of $4280 for 72 months.....the interest gained in 72 months would be $3047.37......$4280+$3047= $8727. I think but not 100% sure

User Brad Lord
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