answersLogoWhite

0

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.

User Avatar

Wiki User

14y ago

Still curious? Ask our experts.

Chat with our AI personalities

EzraEzra
Faith is not about having all the answers, but learning to ask the right questions.
Chat with Ezra
BlakeBlake
As your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake
RafaRafa
There's no fun in playing it safe. Why not try something a little unhinged?
Chat with Rafa

Add your answer:

Earn +20 pts
Q: How much is 6 percent interest on 315000 monthly?
Write your answer...
Submit
Still have questions?
magnify glass
imp