You put 100$ in a savings account for six months at a rate of 0.2% How much interest will you make?

Robjam asked Sep 26, 2022

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33 votes

You put 100$ in a savings account for six months at a rate of 0.2%

How much interest will you make?

Robjam asked Sep 26, 2022

2.9k points

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23 votes

Answer:

$101.21

Explanation:

I'll assume the rate is per month

100*100.2^6

after math

101.20601602

round to the nearest cent for money

101.21

Peoro answered Sep 30, 2022

by Peoro

2.6k points

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