If $1,100 is deposited into a savings account offering 11% interest paid annually, approximately how much money will be in the account in 10 years?

$12,100

$11,000

$3,123

$1,227

Question

Sanai

16 December, 04:25

+1

Answers (1)

Know the Answer?

Karly · Answer 1

A=1,100 * (1+0.11) ^ (10)

A=3,123.36

If $1,100 is deposited into a savings account offering 11% interest paid annually, approximately how much money will be in the account in 10 years?$12,100$11,000$3,123$1,227