Question

Larry deposits $1,500 in a savings account. How much interest would accrue after 10 years at a 2.5% rate?

Answer 1

if its simple interest: $375 in interest, so he would have $1875 in total

if its compound interest: $420.13 in interest, so he would have $1920.13 in total

Explanation:

I=Prt for simple interest, where I is interest, P is principle or the original amount, r is the interest rate, and t is the amount of time.

but compound interest adds on to the total instead of the initial savings so its more complicated

Answer 2

6000 dollar store for the day of a rectangle