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?

Respuesta :

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
Answer Link

Otras preguntas

Why do you think so many scientists were involved in the development of the cell theory?
If I had invested in Auto Zone in January, 1998, when the market quote was 30.25, 100 shares would have cost me ______________. If there was a commission fee ba
Tim is dividing up a 2 ½ pound bag of nuts into smaller portions. a. How many ¼ pound bags of nuts can be made from a 2 ½ pound bag of nuts? b. How many ½ po
If p = 3sec theta and q= 3 tan^2 theta - 1, then find p-q. ​
How do the population demographics of Germany and Indonesia differ?
Víctor claims that when 1/6 is divided by a fraction the result will always be greater than 1/6 find an example of a fraction that supports victors claim and an
What is the Texas Health Services Authority (THSA)?
geometry help please!!
divide 81 -x^2 y^2 by (9-xy) (3 + xy)​
find the roots of question x2 -3x -m(m+3) where m is constant