If you deposit $5000 into an account paying 6% annual interest compounded monthly, how much money will you have in the account aft

1 thought on “If you deposit $5000 into an account paying 6% annual interest compounded monthly, how much money will you have in the account aft”

1. Answer:

   Ans: 3000

   Step-by-step explanation:

   As, prt/100

   p=5000

   r=6

   t=10

   now, 5000×6×10/100

   =3000

   Hope it is helpful

   Reply