3 years ago

You deposit $1500 in a bank account that pays 4% annual interest. Find the balance

Mathematics

1 answer:

Shkiper50 [21]3 years ago

4 0

Answer:

$1,901.56

Step-by-step explanation:

$A = 1,500 (1 + \frac{0.04}{12}) ^{12 x 6} \\\\ = 1,500 (1.0033)^{72}\\ \\ = 1,500 (1.2677)\\\\ = $1,901.56$

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