Find the balance in the account. $700 principal earning 5%, compounded monthly, after 9 years

The balance in the account after 9 years is $1085.93.

Step-by-step explanation:

Since we have given that

Principal amount = $700

Rate of interest = 5%

Number of years = 9

Since we have mentioned to use "Compound Interest " method:

As we know the formula for above i.e.

Hence, the balance in the account after 9 years is $1085.93.

the answer will be the last one

= 5

step-by-step explanation:

to find the 15th term substitute n = 15 into the nth term formula

= (- 3 × 15 ) + 50 = - 45 + 50 = 5