Answer: 16.6%
Step-by-step explanation:
$60 divided by 6 = $10
so divide 100 by 6 and you get about 16.6
I Hope this Helps!
Answer:
more than 7
Step-by-step explanation:
4+3 = 7
)sorry if i was wrong(
Answer:
$1015.11
Step-by-step explanation:
Compounded interest rate formula: A = P(1 + r/n)^t
Step 1: Plug in known variables
A = 1000(1 + 0.005/12)^36
Step 2: Multiply it all together
1000(1.00042)^36
1000(1.01511)
1015.11
This is a pretty bad bank considering only giving you .5% interest per month.