On Jan$\mathrm{.}1,2018,$ Anna opened an account with a RM$1,000$ deposit. On January $1,2019,$ she withdrew RM$500$ and on January $1,2021$ she deposited RM$1,500.$ If the account earns $7\mathrm{.}5\%$ interest compounded monthly, and no further deposits or withdraws are made, what was the balance on January $1,2023?$

Answer rating: 100% (QA)

To solve this problem we can use the formula for compound interest A P1 rnnt ... View the full answer