Jonah has $50,000 in a savings account that earns 10.6% annually. The interest is not compounded. How much will he have in 6 months?
2 answers
50000 * .106/2
50000 x (10.6/2=5.3%)=50000 x 5.3/100. =2650. Then ad to 50000+2650=$5,2650
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