Question

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

Answer 1

100 + 4.5 = 104.5

/100 = 1.045

500 x 1.045^9

= $ 743.05

So C