asked 181k views
10 votes
A sum of 2500$ is invested in a saving account which pays interest at a rate of 7 per year compounded annually. if the amount is kept on deposit for 15 year's, what will the compound amount equal? how much interest will be earned during the 15 years?

1 Answer

3 votes

Answer:

Explanation:

2500( 7 years )

????? (15 years )

15*2500=37 500

answered
User Ivo Danihelka
by
8.0k points
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