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6% of 31 500 is 1890. Thus, you would have 33390 after a month.
If you're asking how much would be gained per month if you compounded at a rate of 6% annual interest rate each month, use the formula: A = 31500(1.005)t where t is the number of months, and A is the accumulated amount.
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Continue Learning about Math & Arithmetic
How much would 100 invested at 8 percent interest compounded monthly be worth after 6 years?
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