Mike Branson invested his summer earnings of $6000 in a savings account for college. The account pays 1.5% interest. How much will this amount to in 6 months?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
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Mike Branson invested his summer earnings of $6000 in a savings account for college. The account pays 1.5%
interest. How much will this amount to in 6 months?
Mike's savings will amount to $ in 6 months.
(Round to the nearest cent as needed.)
Transcribed Image Text:Mike Branson invested his summer earnings of $6000 in a savings account for college. The account pays 1.5% interest. How much will this amount to in 6 months? Mike's savings will amount to $ in 6 months. (Round to the nearest cent as needed.)
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