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Find the ending balance Principal: $600 Interest Rate: 5% Time: 6 years 600(1 + 5\%)^(6) ​

Find the ending balance Principal: $600 Interest Rate: 5% Time: 6 years 600(1 + 5\%)^(6) ​
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3 votes
Find the

ending balance
Principal: $600
Interest Rate: 5%
Time: 6 years

600(1 + 5\%)^(6)
​

User Aqrit
by
7.6k points

1 Answer

2 votes

Answer:

Ending Balance = 600 * (1.05)^6

Ending Balance = 600 * 1.3400956406

Ending Balance = 804.06

Explanation:

User Esilver
by
8.7k points
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