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Solve the Problem $660\$ 660 After 11 Years What Will the Amount of Interest

Question 104

Multiple Choice

Solve the problem. Round to the nearest cent.
-Sumi Kato's savings account has a balance of $660\$ 660 . After 11 years what will the amount of interest be at 4.5%4.5 \% compounded annually?


A) $411.08\$ 411.08
B) $417.08\$ 417.08
C) $726.00\$ 726.00
D) $400.08\$ 400.08

Correct Answer:

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