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Azaria invests $6670 in a savings account with a fixed annual interest rate 3% compounded monthly. What
will her account balance after 6 years? (Round to the nearest hundredths)
There will be [a] in the account after 6 years.

Respuesta :

Answer: 7983.65

Step-by-step explanation:

Equation:

A = P ( 1 + r/n)^nt

R : r/100 : 3% : 0.0.3

A = 6670( 1 + ( 0.03/12) : ^12(16)

A: 6670( 1 + 0.0025)^(74)

Put this on calculator

A = 7983.65

Hope this help.

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