4
QuizMultiple Choice

Interest

Question 4 • FL-2102373-Personal Finance and Money Management Honors

Solve the problem. Round to the nearest cent.John deposited $2860 in a bank that pays 9% interest, compounded monthly. Find the amount he will have at the end of 3 years.a.$3742.73c.$8044.22b.$3128.29d.$3632.20

Answer
A
A
B
B
C
C
D
D
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Solve the problem. Round to the nearest…