1) $50,000 is invested at a rate of 3% compounded monthly for 6 years.please answer as equation

Question

asked Jul 17, 2022 34.7k views

1 Answer

Jeo · Answer 1 · 2022-07-22T01:10:44+0000

Answer:

9,000

Explanation:

formula= I=prt

turn 3% into a decimal

x=(50k)0.03(6)

x=9000

correct me if im wrong but this should be correct