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You deposit $500 at 6% interest annually. After 6 months, how much money will you earn?

You deposit $500 at 6% interest annually. After 6 months, how much money will you earn?
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2 votes
You deposit $500 at 6% interest annually. After 6 months, how much money will you earn?

User Oblivious Sage
by
7.4k points

1 Answer

6 votes
If its 6% interest a year. In 6 months that 3% interest.
$15 in 6 months
500 + $15
$515
User Zoe L
by
8.3k points
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