3faith3grace3
3faith3grace3
02-02-2017
Mathematics
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$1800 at 6.5% for 30 months
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scme1702
scme1702
09-02-2017
The interest accumulated by $1800 in 30 months at 6.5% annually is given by:
Amount = Original x (1 + interest rate)^time
Time = 30 / 12 = 2.5 years
New amount = 1800(1 + 0.065)^(2.5)
New amount = $2106.91
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