Ask Question
29 March, 18:29

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

+4
Answers (1)
  1. 29 March, 18:48
    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?
Find 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 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