adele Govern saves $150 per month and deposits the money in an account earning 3% annual interest compounded monthly. how much will be in the account after 2 years? how much of that money is interest?
Given: saves 150 per month. 3% per annum ; 0.0025% per month. compounded interest means that every interest earned per month also earns interest. 2 years = 24 months.
Adele Govern saves $150 per month and deposits the money in an account earning 3% annual interest compounded monthly. how much will be in the account after 2 years?
