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To calculate the new balance at the end of the fifth month, we need to take into account the interest accrued during this time. The formula for calculating interest is:
Interest = Principal * (Rate/12) * Time
where Rate is the annual percentage rate and Time is the number of months. Plugging in the values, we have:
Interest = $2,065.00 * (0.1725/12) * 5
= $2,065.00 * 0.014375 * 5
= $147.97
Adding the interest to the original balance, we get:
New balance = $2,065.00 + $147.97
= $2,212.97
Therefore, the new balance at the end of the fifth month is $2,212.97. However, this does not match any of the given answer options.