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Bobinvested$6500intoamutualfund with 3.5% monthly interest rate. What is the balance in the account after one month?

Bobinvested$6500intoamutualfund with 3.5% monthly interest rate. What is the balance in the account after one month?
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9 votes
Bobinvested$6500intoamutualfund with 3.5% monthly interest rate. What is the balance in the account after one month?

User LoneRanger
by
9.0k points

1 Answer

10 votes

Answer:

$6727.50

Explanation:

35/1000*6500

= 35*6.5

=227.50

6500+217.50

6727.50

User Sjbuysse
by
8.8k points
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