Ask Question
29 June, 12:01

What would my final balance be if i put $650 in the bank for 60 months with an interest rate of 6%?

+2
Answers (1)
  1. 29 June, 15:13
    0
    60/12=5 years

    100%+6%=106%=1.06

    650 x 1.06^5=$896.84662 ... rounded is $896.85
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What would my final balance be if i put $650 in the bank for 60 months with an interest rate of 6%? ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers