Content
Laura invests $6000 in a savings account that pays an annual interest rate of 5.5%. Interest is compounded monthly.
Give an expression for the value of Laura's savings after n years.
To earn a crown, get your answer ready before you reveal the options!
Calculate the amount of interest she will earn over 5 years, giving your answer to the nearest dollar.
Laura wants to use her savings to put down a $10000 deposit on a car.
Find the number of years Laura will have to wait.
Ask Plex AI about this problem
Get hints, ask questions, and work through this problem step by step