Question

$1500 at 4% for five years what is the balance of the account

Answer 1

Amount of Interest (I) = P * R * T /100
I = 1500 * 5 * 4 /100
I = 300

Balance = Initial amount + Interest amount
B = 1500 + 300 = 1800

In short, Your Answer would be $1800

Hope this helps!