SOLUTION: Dirk opened up a savings account with $600. At a yearly interest rate of 5% that is compounded monthly, how much interest will dirk make in 6 months.

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Question 735221: Dirk opened up a savings account with $600. At a yearly interest rate of 5% that is compounded monthly, how much interest will dirk make in 6 months.
Answer by lynnlo(4176) About Me  (Show Source):
You can put this solution on YOUR website!
IN 6 MONTHS====$615.16
TOTAL INTEREST PAID======$15.16