02-05-2017
Mathematics

contestada

John deposited $2860 in a bank that pays 9% interest, compounded monthly. Find the amount he will have at the end of 3 years.

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kailah02 kailah02

02-05-2017

all you got to do first is:

Change the 9% to decimal, which is .9
and then multiply all numbers

$2860 x .9 x3 is $7,722

Hope this helps! (Hope im right)

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