How much interest will you have in 6 months if you invest $1,000 at 3% compounded monthly? round your answer to the nearest penny/hundredth. please help
You would use the equation 1000(1+0.3)^x Plug in 6 months for x 1000(1.3)^6 When you solve for that you get 4826.809 and then round to the nearest tenth I would assume so 4826.8 Hope this helps!
