Answer:40 years
Step-by-step explanation:
First you get 1% which is 9$ then you times it by 5 and get 45 multiply it by 20 you get 900 but since you want to double it then double the answer which is 40
Answer:
16.1
Step-by-step explanation:
You do 27x27 and get 729 is going to be your answer
Answer:
Step-by-step explanation:
Yes because 6 is 1/2 of 12
Answer:
Step-by-step explanation:
<u>Given</u>
- Each deposit = $1500
- Interest rate= 5%
- Time = 4 years
- Compound number = annual
<u>Simple interest account</u>
- B = 1500*(1 + 4*0.05) = 1500*1.2 = $1800
<u>Compound interest account</u>
- B = 1500*(1 + 0.05)^4 = $1823.26
<u>Total balance</u>
- $1800 + $1823.26 = $3623.26