Answer :
Answer: $4,800
Step-by-step explanation:
(Assuming the interest is calculated monthly)
1. 6% of $40,000 = $2,400
2. $2,400 x 2 months = $4,800
3. Total value of account = $44,800; $4,800 is from interest
Answer: $4,800
Step-by-step explanation:
(Assuming the interest is calculated monthly)
1. 6% of $40,000 = $2,400
2. $2,400 x 2 months = $4,800
3. Total value of account = $44,800; $4,800 is from interest