Question

How much would Sean have at the end of 60 months if he put $650 into the bank and earned and annual percentage rate of 6%?

------ dollars

Answer 1

The answer should be $845.

60 months would be 5 years. 

Also, 6% of $650 is $39.

$39 x 5 = $195.

$650 + $195 = $845

Answer 2

Sean would have 2990 dollars because you would take your original amount times the percentage rate of .06 and then take that answer times 60 and add that amount to your original amount. 
650
x.06
39
39x60=2340
2340+650=2990