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If you deposit $100.00 into a savings account EACH month, how much will you have at the end of the year if your account pays 6%

If you deposit $100.00 into a savings account EACH month, how much will you have at the end of the year if your account pays 6%
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16 votes
If you deposit $100.00 into a savings account EACH month, how much

will you have at the end of the year if your account pays 6%

User JMarc
by
8.6k points

1 Answer

7 votes

Answer:

100×12=1200

1200×6%=72

1200+72=1272

User Saranga Athukorale
by
7.9k points
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