Amber deposited $1400 into an account that pays 5% interest compounded monthly. How much will Amber have in her account after 10 years?

asked Jan 11, 2022 201k views

3 votes

Amber deposited $1400 into an account that pays 5% interest compounded monthly. How much will Amber have in her account after

10 years?

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6 votes

Explanation:

$total \: months \: = 12 * 10 = 120 \\ 5\%of \: 1400 = 70 \\ so \: 120 * 70 = 8400 \\ total = 1400 + 8400 = 9800 \: dollar \\ thank \: you$

Mostafiz answered Jan 13, 2022

4.8k points

5 votes

Answer:

1400 divided by 5 = 280 times 10 = 2800.

Explanation:

Jordan Jambazov answered Jan 17, 2022

5.1k points

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