niquey78 niquey78

23-04-2015
Mathematics

Answered

You deposit $1500 in an account that pays 5% interest yearly. How much money do you have after 6 years?

Answer :

Аноним Аноним

23-04-2015

How you find the aswer to intrest is you multiply principle ( amount put in) times rate (percentage) times time (how long the principle was in) so I am going to multiply 1,500 * .05 *6 the answer is 450, then I am doing to add that to the principal, the answer i s 1,950.

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