Gustaborn Gustaborn

01-05-2017
Mathematics

contestada

Lizbeth deposited $6200 into a savings account for which interest is compounded monthly at a rate of 2.37%. How much interest will she earn after 8 years?

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rimelmourad rimelmourad

01-05-2017

do 2.37/100 times $6200 but make sure you divide 100 by $6200 which is 62 times 2.37=146.94

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