Ask Question
4 February, 14:35

Sheila deposited $1,050.00 into a saving account at her local bank. if the interest rate is 1.5%, then how much will he have after 18 months (round your answer to the nearest cent) ?

+3
Answers (1)
  1. 4 February, 16:41
    0
    A=p (1+r) ^t

    A future value?

    P present value 1050

    r interest rate. 015

    t time 18/12

    A=1,050 * (1+0.015) ^ (18:12)

    A=1,073.71
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Sheila deposited $1,050.00 into a saving account at her local bank. if the interest rate is 1.5%, then how much will he have after 18 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers