paul deposited 1,200$ into an account that earns 1.5% in annual simple interest. If paul does not make any deposites or withdraw
ls how much money will paul have in his account in 2 years?
2 answers:
The formula is
A=p (1+rt)
A future value?
P present value 1200
R interest rate 0.015
T time 2 years
A=1,200×(1+0.015×2)
A=1,236
Hope it helps!
1236.27 is the correct answer
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