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B
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Difficulty—
A savings account earned \(1\%\) interest compounded each month, credited on the last day of the month. On December \(8\) there was \(\$1,115.6) in the account. During which month did the account first exceed \(\$1,100?\)
1. \(\$1000\) was deposited on the previous December \(31\)
2. There were no deposits or withdrawals this year
The OA is B
1. \(\$1000\) was deposited on the previous December \(31\)
2. There were no deposits or withdrawals this year
The OA is B
