Answer:
285 words
Step-by-step explanation:
Answer:
Interest in 3 years = $456.52
Step-by-step explanation:
As we know the the formula of compound interest
Total amount = 
Here n = number of times amount is compounded
r = rate of interest
t = period
Here A = $2500
r = 0.0575
n = 1 (compounded annually)
t = 3 years
Therefore amount after 3 years

P =2500(1.0575)³
= 2500×1.18
= $2956.52
We have to calculate the interest then
Interest = $2956.52-$2500 = $456.52
So after 3 years interest gained = $456.52
Answer:
Talib is correct i think
Step-by-step explanation:
Take $15 and multiply it by 0.05 (this will get you the percent). You should get 0.75. So you add 0.75 to $15 and you should get $15.75