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Ava opens an account with $400. She deposits $200/month for 20 years. The interest rate is 2.15%. How much interest will she have
earned after 20 years?
O a $61,243.59
Ob $48.800
OC 12.443.59
d. None of the above.

Respuesta :

Answer:

d. None of the above = $24,118.96 is the interest accumulated set at 2.15% interest.

Step-by-step explanation:

2400 x 20 x 1.0215^19 = 71906.8535769

plus + 400 x 1.0215^20= 612.107091074 the answer is 72518.960668 saved after 20 years

72518.960668- 48400  =24118.960668

rounded to 2dp = $24,118.96 interest.

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