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

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asked Feb 28, 2023 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

Mathematics
high-school

Theo Itzaris asked

by Theo Itzaris

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1 Answer

2 votes

100 + 4.5 = 104.5

/100 = 1.045

500 x 1.045^9

= $ 743.05

So C

Spinner answered Mar 5, 2023

by Spinner

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