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Trevor deposits $1500 in a simple interest account that pays 4.3% interest annually. After 15 ears, how much total money would be in the account?

Trevor deposits $1500 in a simple interest account that pays 4.3% interest annually. After 15 ears, how much total money would be in the account?
asked 142k views
16 votes
Trevor deposits $1500 in a simple interest account that pays

4.3% interest annually. After 15 ears, how much total money
would be in the account?

asked
User Toffler
by
9.1k points

1 Answer

11 votes

Answer:

A = P(1+rt)

A = $1500(1 + 15*0.043)

A = $2467.5

answered
User Jihoon Baek
by
7.7k points
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