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07.04.2020 •
Mathematics
Mr. Sanchez invested $5000 in a college fund for his daughter. The college fund earns interest at an annual rate of 5%, compounded monthly. Approximately how much money will be in the fund in 15 years, if Mr. Sanchez does not make any deposits or withdrawals?
A) $5,203.71
B) $5,321.78
C) $10,394.64
D) $10,568.52
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Ответ:
15/12 = 1.25
The cost of one fruit tart is $1.25