Sarah invested $38,700 in an account that paid 6.2% annual interest, compounding monthly. She left the money in this account, collecting interest for three full years. Approximately how much interest did she earn in the last month of this period?
A) $239.47
B )$714.73
C) $2793.80
D) $7,888.83
E) $15,529.61
Any idea how to do this question please?![]()
A) $239.47
B )$714.73
C) $2793.80
D) $7,888.83
E) $15,529.61
Any idea how to do this question please?