3 years ago

ASAP PLEASE HELP HOMEWORK!!!

Mathematics

2 answers:

sp2606 [1]3 years ago

6 0

Answer: He will have 3750 in 5 years.

Step-by-step explanation: You need to do 500x1.5x5=3750! 500 dollars is the amount in the account. 1.5 is the interest. 5 is the amount of years.

Fudgin [204]3 years ago

5 0

Initial Deposite = $500.00
Interest = 1.5 %

So multiply

500 × 1.5 % = 7.5

7.5 percent is equal to only 1 year so ..

7.5 × 5 = 37.5

Then add to 500

37.5 + 500 = $537.50

537.50 is the simple interest but the annual interest is $538.64

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