ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Twelve years ago, Claire put $1, 800 in an account that pays an interest rate of 2.5% compounded semiannually.She now plans to take the money in that account and invest it in another account that earns 4% interest compounded monthly. How much money will be in this new account after 7 years?
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$3, 207.40 eating ice cream
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$3, 348.96 chewing gum
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$3, 574.15 telling math jokes
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$3, 733.62 tap dancing
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Explanation:
There is 1 question to complete.