contestada

Montraie deposits dollar sign, 950$950 every month into an account earning a monthly interest rate of 0.4%. How much would he have in the account after 11 months, to the nearest dollar? Use the following formula to determine your answer.

Respuesta :

Answer:

$993

Step-by-step explanation:

[tex]950\times\left(1+\dfrac{1}{250}\right)^{11}\approx950\times1.04489064495\approx\boxed{\$993}[/tex]