If $9,000 is invested in an account for 15 years. Find the value of the investment at the end of 15 years if the interest is:

(a) 5% simple interest: $

(b) 5% compounded annually: $

Round your answers to the nearest cent.

Question

02-11-2021
Mathematics

Answered

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If $9,000 is invested in an account for 15 years. Find the value of the investment at the end of 15 years if the interest is:

(a) 5% simple interest: $

(b) 5% compounded annually: $

Round your answers to the nearest cent.

Sagot :

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