3 years ago

A deposit of $7,000 at 6.5% for 120 days. 151.67 358.97

1 answer:

3 0

120 days is approximately equals to 4 months. (30 days * 4 = 120 days)
Now you deposited 7000 dollars at 6.5% interests.
IN 1 months
=> 7000 * .065 = 455 dollars in 1 month is the interest
=> 455 * 4 months = 1820 dollars n 4 months
=> 7000 + <span>1820 = 8820 dollars.</span>

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