Suppose you deposit $1500 in a savings account that pays interest at an annual rate of
6%. No money is added or withdrawn from the account.
a. How much will be in the account after 5 years?
b. How much will be in the account after 20 years?
c. How many years will it take for the account to contain $2500?
d. How many years will it take for the account to contain $4000?
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Home » Mathematics » Suppose you deposit $1500 in a savings account that pays interest at an annual rate of 6%. No money is added or withdrawn from the account. a. How much will be in the account after 5 years? b. How much will be in the account after 20 years? c.