Question

If Sarah opens a savings account that has a yearly simple interest rate of 15%, how much would Sarah have total if she deposits $1500 at the end of the year? URGENTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT PLEASEE I WILL GIVE BRAINLEST ANSWER PLZZZZZZZZZZ HURRRRRRYYYYYY AND 25 POINTS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!11

Answer 1

$1,725...... 1500 * 1.15 = $1,725.

Answer 2

Answer:

Sarah would have $ 1725 at the end of the year.

Explanation:

If Sarah opens a savings account that has a yearly simple interest rate of 15%, and deposits $1500, she would have at the end of the year:

• the capital invested ($ 1500)

• plus the interests earned that consist of a 15% of $ 1500 = $225

In total she would have $ 1500 + $ 250 = $ 1725.

Another way to calculate this amount of money is the following:

$ 1500 . 1.15 = $ 1725

In other words:

$ 1500 = 100% of $ 1500 = 100% . $ 1500

$ 225 = 25% of $ 1500 = 25% . $ 1500

$ 1500 + $ 225 = 100% . $ 1500 + 25% . $ 1500 = (100% + 25%) . $ 1500 = 125% . $1500 = 1.25 . $ 1500 = $ 1725