Haley opened a savings account and deposited $200 as principal. The account earns 1% interest, compounded monthly. What is the balance after 5 years?

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asked Jul 23, 2022 112k views

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Haley opened a savings account and deposited $200 as

principal. The account earns 1% interest, compounded
monthly. What is the balance after 5 years?

Mathematics
high-school

EldenChris asked

by EldenChris

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1 Answer

3 votes

Answer:

$320

Explanation:

Coatesap answered Jul 30, 2022

by Coatesap

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