mistyrinoh mistyrinoh

Today at 8:09 AM
Mathematics

Answered

Mitchell deposited $651.37 in a savings account that earns 3.9% simple interest what is Mitchell's account balance after 15 years?

Answer :

kitkatkitten416 kitkatkitten416

Today at 8:13 AM

itd be 1,032.20 after 15 years

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Aliwohaish12 Aliwohaish12

Today at 8:13 AM

The formula is
A=p (1+rt)
A future value?
P present value 651.37
R interest rate 0.039
T time 15 years
A=651.37×(1+0.039×15)
A=1,032.42

Hope it helps!

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