Rikki borrowed $6000 from her daughter, Lynette. She repaid the $6000 at the end of 2 years.
Question:
Rikki borrowed $6000 from her daughter, Lynette. She repaid the $6000 at the end of 2 years. If Lynette had left the money in a bank account that paid an interest rate of 
compounded monthly, how much interest would she have accumulated?
If necessary, round all dollar figures to the nearest cent and round percents to the nearest hundredth of a percent.
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Related Book For 
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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