Ryan invests $8,361 in a savings account with a fixed annual interest rate of 4.31% compounded monthly. After 10 years, what will be the balance in the account?

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asked Jul 22, 2022 62.0k views

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Ryan invests $8,361 in a savings account with a fixed annual interest rate of 4.31% compounded monthly. After 10 years, what will be the balance in the account?

Mathematics
high-school

CJ Ramki asked

by CJ Ramki

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Answer:

12,750

Explanation:

After investing for 10 years at 4.31% interest, your $8,361 investment will have grown to $12,750

Bart Read answered Jul 27, 2022

by Bart Read

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