bellaimpundu bellaimpundu

05-08-2020
Mathematics

contestada

Wendy opened a savings account 15 years ago with a deposit of $2,340.73. The account has an interest rate of 4.7% compounded monthly. How much interest has
Wendy earned?

Respuesta :

Thelondonbrain Thelondonbrain

05-08-2020

Answer:

$4661.77

Step-by-step explanation:

100 + 4.7 = 104.7%

104.7% = 1.047

$2340.73 x 1.047^15 = $4661.77

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DShmoney6 DShmoney6

05-08-2020

4661.77, that’s how much Wendy earned . Ah it’s no problem don’t mention it

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