Question

Katies parent saved 5000 and decided to put that amount into a bank with a 6% interest rate compounded yearly. How much money will katie have after 15 years

Answer 1

Answer:

$11,983

Step-by-step explanation:

YEAR;Amount

0 $5,000

1 $5,300

2 $5,618

3 $5,955

4 $6,312

5 $6,691

6 $7,093

7 $7,518

8 $7,969

9 $8,447

10 $8,954

11 $9,491

12 $10,061

13 $10,665

14 $11,305

15 $11,983