Your friend deposits $2000 in an investment account that earns 3.3% annual interest. Find the balance after 5 years when the interest is compounded monthly.

Question

asked Jul 3, 2021 29.9k views

1 Answer

Chikku · Answer 1 · 2021-07-09T06:29:22+0000

Answer:

8,323.15918

Explanation:

pretty much $2000 times 1.33 then the sum times 1.33 and repeat the process for every year