Answer: Legit just learned this in finance yesterday
Starting: 650 Interest: 2% Years: 6
2% of 650 (650 times .02) = 13
13 dollars per year = 13 + 13 + 13 + 13 + 13 + 13 = 78
650 + 78 = 728
After 6 years, the account will have $728.
Answer:
Explanation:
Given, Principal= $650
Rate = 2%
Time = 6 years
Interest = P × R × T/100
Therefore, Interest = 650 × 2 × 6/100
{ dividing 2 and 100 to get 50 }
( dividing 650 and 50 to 13 )
=
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