Jackieleon
Answered

Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Get immediate answers to your questions from a wide network of experienced professionals on our Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

How much interest will you earn by leaving $500 in a savings account for 3 years with an interest rate of 1.5%?

Sagot :

zack28030

*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆

: 522.5$

:

First calculate yearly interest

500 x 0.015 = 7.5

7.5 x 3(for 3 years) = 22.5

Then add them together!

500 + 22.5 = 522.5

!

<!> ! <!>

-

*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.