Question

12,000 is deposited into a savings account that has an interest of 2.1% compounded monthly. How much money is in the account after 3 years. Use A=P(1-r/n)rt

Answer 1

i think that minus sign should be a plus
you are earning money, not losing it

Answer 2

I'm sorry you're right

Answer 3

But I keep getting a number less than 12,000 and I know its suppose to be more

Answer 4

because you are probably putting it in your calculator incorrectly

Answer 5

use a plus sign,not a minus sign!

Answer 6

here is what i would use
http://www.wolframalpha.com/input/?i=1200%281%2B.021%2F12%29^36

Answer 7

Where did you get 36 from

Answer 8

three times twelve