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What is the amount of interest on an investment of $650 with a compound annual interest rate of 6% for 5 years? What’s the answer

What is the amount of interest on an investment of $650 with a compound annual interest rate of 6% for 5 years? What’s the answer
asked 178k views
1 vote
What is the amount of interest

on an investment of $650 with a
compound annual interest rate of
6% for 5 years?
What’s the answer

asked
User SohamC
by
7.7k points

1 Answer

4 votes

Answer:

108

Explanation:

]650 divided by 6 = 108

answered
User Bente
by
7.6k points
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