Question

Karen opens a savings account with $1500. She deposits $100 every month into the account that has a 0.85% interest rate, compounded annually. If she doesn’t withdraw any money, what will the account balance be in 10 years?

Answer 1

I want you to check your typing.
An interest rate of .85% seems hardly worth it, you are not even getting 1%

Do you want the amount at the end of the 10 years ?

Answer 2

I checked my typing and its correct, that's how it is and yes.