Register
Bob invests $500 into an account with 4.5% interest compounded monthly. How much money will be in the account in 9 months? A. $522.97 B. $517.13 C. $743.05 D. $674.56 For my brother
222k views
17 votes
Bob invests $500 into an account with 4.5%

interest compounded monthly. How much money
will be in the account in 9 months?
A. $522.97
B. $517.13
C. $743.05
D. $674.56
For my brother

User Theo Itzaris
by
8.0k points

1 Answer

2 votes
100 + 4.5 = 104.5

/100 = 1.045

500 x 1.045^9

= $ 743.05

So C
User Spinner
by
7.9k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!