samiarawesh20 samiarawesh20
  • 12-11-2019
  • Mathematics
contestada

Phil invested $600 at 4% compounded monthly for 6.5 years . How much interest did the investment earn?

Respuesta :

drroberts92 drroberts92
  • 12-11-2019

Answer:. 15,600

Step-by-step explanation:

Interest=principal x interest rate x time

Or I=prt

I= 600 x 4 x 6.5 since your principal is 600 interest rate is 4%, and it was 6.5 years. And now you multiply them to get your answer

Answer Link

Otras preguntas

Carly just rented an apartment, and she will need to sign and date her lease. Which of the following is not a correct way for her to write out the date? A.2014,
What was the Reconquista?
what does "apartheid" translate into from Afrikaans
Choose the correct word from the vocabulary list to complete each sentence. Clues are given in each sentence to help you choose correctly. The _____ of her face
An operon contains introns and exons. True False
Describe the mutual obligations that emerged under feudalism. please help me
what times what equals 45
How do I reduce 3/36
1. what is the best way to correct the error in this sentence? Neither Tim not Kristina go to the movies often A.delete the conjunction B.Change go to attend C
True/False- the city of Raymond is a symbol of man's sinful state?