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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187.32
322.7
161.35
572.56
283.52
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
635.24
313.37
648.68
187.32
322.7
161.35
572.56
283.52
The total interest will be 1160.53 units of currency.
610.45
275.28