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2 years ago

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David invested $1000.ppm what would that money grow to the 18 months at 5.5% interest rate?

1 answer:

yaroslaw [1]2 years ago

8 0

<span>David invested $1000. Let's solve for the amount of money to grow to the 18 months at 5.5% interest rate?
Let's assume that this 5.5% interest is per month.
=> 1 000 dollars * 0.055 = 55 dollars per month
=> 55 * 18 months = 990 dollars in 18 months.</span>

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