after t years, you will have
500(1+.065)^t
just convert months to years if needed.
If the interest is credited at the end of the year, only multiples of 12 months have any effect.
Suppose $500 is deposited into an account that earns 6.5% annual interest and no more deposits or withdrawals are made.o
What is balance in 1 year
1 month
29 M0nths
1 answer
1 answer