mckennal7577 mckennal7577

28-10-2021
Mathematics

contestada

Linda deposits $4,000 in an account that pays 3% interest that compounds monthly. What is her balance after 2 months?
Show all of your work.

Respuesta :

ricardolabuda ricardolabuda

28-10-2021

Answer:

$4,243.6

Step-by-step explanation:

4,000 * 0.03 = 120

add it to the money 4,120

another month

4,120 *0.03 = 123.6

add it $4,243.6

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