Ask Question
17 August, 08:48

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

+5
Answers (1)
  1. 17 August, 12:33
    0
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You deposit $1500 in an account that pays 5% interest yearly. How much money do you have after 6 years? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers