A bank advertises that they will pay 1.5% simple annual interest on new savings accounts. Lorenzo puts $400 in a new account. If
1 answer:
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Plug in what we know:
Multiply:
Add this to the original amount.
So he will have $6000 in his account after 5 years.
Answer: 24.49 or 24.5 if rounded.
Step-by-step explanation: We have to use the pythagorean theorem of course...
a² + b² = c²
15² + 20² = c²
225 + 400 = c²
600 = c²
c = 24.49 (If we round to the nearest tenth then the answer is 24.5)