4 years ago

You deposit $1500 in an account that pays 6% interest compounded yearly. Find the balance after 5 years.

Mathematics

1 answer:

Inga [223]4 years ago

3 0

Answer:

1950

Step-by-step explanation:

p: 1500

r: 0.06

n: 1

t: 5

1500(1+ 0.06/1)^5

1500(1.06)^5

1500×1.3

1950

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3 years ago

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Answer:

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