DisguisedMvp
Answered

Perry Deposited 8,250 into a savings account 13 years ago. The account has an interest rate of 4.7% and then balance is currently 14,988.59. how often does the interest compound?


daily

monthly

quarterly

annually

Verified Answer :

Perry deposited $8,250 into a savings account 13 years ago. The account has an interest rate of 4.7% and the balance is currently $14,988.59.

studmiffin0579

instead of dividing it would be annually but if your multiplying then it would br monthly.  

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