asked 196k views
4 votes
Matt is saving to buy a new motorcycle. If he deposits ​$70 at the end of each month in an account that pays an annual interest rate of 7.5​%, how much will he have in 15 ​months? Assume that the compounding is being done monthly.

asked
User Mehta
by
7.8k points

2 Answers

5 votes

drew deposits 2,000 into an account that earns 4% simple interest how much will drew have in five years

answered
User Pabaldonedo
by
7.7k points
0 votes

Answer:

85 dollars :)

answered
User Sickelap
by
8.3k points
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