A savings account earns 8.4% (APR) interest calculated monthly, paid into the account at the end of 6 months. Cooper deposits $200 into the account at the beginning of the first month. At the end of each month, he deposits an additional $100 into the account. How much interest will Cooper have earned after 6 months?

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A savings account earns 8.4% (APR) interest calculated monthly, paid into the account at the end of 6 months. Cooper deposits $200 into the account at the beginning of the first month. At the end of each month, he deposits an additional $100 into the account. How much interest will Cooper have earned after 6 months?

Mathematics
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Answer is $18.90 - APEX

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