Kamal invested $1200 in a savings acc paying 1.8% per yr compound interest. he left the money in the acc for 5 yrs.

what is the amount of money in the acc at the end of 5 yrs???
give the ans with working and to the nearest cent

A = $1311 and 96cents

Step-by-step explanation:

P = $1200

r = 1.8% = 0.018

n = 1 (compounded yearly)

t = 5

b

step-by-step explanation:

the total is 23.97. 0.25% is off so you have to subtracting 25% from 100% and you will get 75% if you convert it to decimal you will get 0.75. you have to find the original because the formula is % times original = total.so you have the total and the % so you just have to plug it in.

your answer is the frist one

hop i