Trevor deposits $1500 in a simple interest account that pays 4.3% annually. After 15 years, how much total money would be in the
account?
1 answer:
First we need to know how much money that is in a year so
4.3% = 0.043
1500 x 0.043 = 64.5
so that's $64.5
so now we multiply 64.5 x 15 which is 967.5
So your answer is $967.5
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