What % of 25 is 15. Please help me
1 answer:
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Answer: He will have $1721.28. after 4 years.
Step-by-step explanation:
The formula we use to find the compounded amount A is :
, where P= principal value, r = rate of interest , t= time.
As per given , we have
P=$1500 , r=3.5%=0.035 , t= 4 years
Money he will have after 4 years =
Hence, he will have $1721.28. after 4 years.