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

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