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If i save $200 for 6 months and i get 6% interest,how much interest would i earn in 6 months and what would my $200 be then?

If i save $200 for 6 months and i get 6% interest,how much interest would i earn in 6 months and what would my $200 be then?
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2 votes
If i save $200 for 6 months and i get 6% interest,how much interest would i earn in 6 months and what would my $200 be then?

User Twill
by
7.1k points

1 Answer

3 votes
200(1+0.06)^6
You will earn about $83.70 interest and the total would be $283.70

User Ankit Suri
by
7.9k points
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