QUICK Your bank offers 6 percent annual interest, compounded monthly. If you start with $500 in your account, how much will you have after 3 months?

Kristo asked Oct 22, 2022

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19 votes

QUICK

Your bank offers 6 percent annual interest, compounded monthly. If you start with $500 in your account, how much will you have after 3 months?

Kristo asked Oct 22, 2022

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7 votes

Answer:$590

Explanation:

500*6%=30

30*3=90

500+90=590

Jason McCay answered Oct 27, 2022

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