Question

If $800 is deposited into a new savings account with a simple interest rate of 1.8%, what will be the total amount in the account after 15 years?

Answer 1

Answer:

Step-by-step explanation:

I = prt

I = 800 × 1.8% x 15

I = $216

Remember the percent sign for the rate or write it as a decimal (multiplier)! In this case the multiplier would be 0.018!

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