I CAN EXPLAIN HOW SMALL AMOUNTS OF MONEY GROW OVER TIME 8

Last updated: 5/20/2023

I CAN EXPLAIN HOW SMALL AMOUNTS OF MONEY GROW OVER TIME 8 22C 6 Mel decides to start depositing 75 each month into an interest earning savings account She does not make any additional deposits or withdrawals a After 10 years how much will Mel have contributed to the account b According to her online calculations the balance of Mel s account will be 12 352 41 Is this more or less than what she contributed and why