Find the accumulated amount at the end of 6 months on a $2100 bank deposit paying simple interest at a rate of 6%/year. (Round your answer to the nearest cent.)

Question

asked Jan 14, 2024 143k views

1 Answer

Octavio · Answer 1 · 2024-01-18T17:07:31+0000

Answer:

2163

Step-by-step explanation:

simple interest= bank deposit× interest rate ×time/100

=2100×6×6/100×12

=63

at the end of 6 months amount is 2163