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11-12-2019
Mathematics

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Nancy has $4,111 in an account that pays 1.07% interest compounded monthly.What is her ending balance after two years?

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SterlingSims SterlingSims

11-12-2019

Answer:

8,309.98‬

Step-by-step explanation:

So, you would start by multiplying 4,111 times 1.07% that equals 43.9877

We would round up to 43.99.

Add 43.99 to 4,111 that equals to 4,154.99‬

4,154.99‬ times 2 your answer is 8,309.98‬

Therefore your answer is $8,309.98‬

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