Leslie mosallam, who recently sold her porches, placed $10,000 in savings account paying annual compound interest of 6 percent.C

Question

RoseWind [281]

3 years ago

6

Leslie mosallam, who recently sold her porches, placed $10,000 in savings account paying annual compound interest of 6 percent.C

alculate the amount of money that will accumulate if leslie leaves the money in the bank for 1, 5, and 15 years?

Business

1 answer:

ZanzabumX [31] · Answer 1 · 2022-04-24T02:58:43+03:00

ZanzabumX [31]3 years ago

5 0

In 1 year, Leslie will receive $600, which brings her balance to $10,600.
In 5 years, she'll receive $13,382.26.
In 15 years she'll receive $23,965.58.