Answer:
$26000
Step-by-step explanation:
Bob deposit $285 into a bank account earning 0.39% simple interest per month.
The interest on this money for the 6 year period will first be obtained and then added to the total amount Bob deposited during this period.
Bob deposited a total of 285×72=$20500 (72 is obtained by converting 6 years to months i.e. 6×12)
The interest during this period =p×r×t
Where p=$285 (amount Bob saves per month)
r=.39/100 or 0.039 intrest rate earned per month
t=6 years or 72 months
Interes accred for 6 years= 285×0.039×72=$80
Total amount Bob will have at the end of 6 years =80+20520=$26000