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A savings account with an initial deposit of $10,000 has an annual interest rate of 3.2%. The interest on the account is compounded monthly. What is the balance of the account, to the nearest cent, after
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A savings account with an initial deposit of $10,000 has an annual interest rate of 3.2%. The interest on the account is compounded monthly. What is the

balance of the account, to the nearest cent, after 6 years?

User Isolated
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6 votes

Answer:

account balance will be $12113.9 and the interest is $2113.9.

User Guilherme Bernal
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