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31 January, 14:32

Phil invested $600 at 4% compounded monthly for 6.5 years. How much interest did the investment earn?

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  1. 31 January, 14:41
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    Answer:. 15,600

    Step-by-step explanation:

    Interest=principal x interest rate x time

    Or I=prt

    I = 600 x 4 x 6.5 since your principal is 600 interest rate is 4%, and it was 6.5 years. And now you multiply them to get your answer
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