Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Explore in-depth answers to your questions from a knowledgeable community of experts across different fields. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Maria deposited 1200 in savings account for 5 years. The

interest rate is 4. 5%. What will be total balance in her account

after 5 years.

Sagot :

calcae

Answer:

compound interest would be,

1495.91

and simple interest would be,

1470

Step-by-step explanation:

compound interest would look like,

1200 x 1.045 x 1.045 x 1.045 x 1.045 x 1.045

and simple interest would look like,

1200 x 0.045 = 54 = 4.5%

54 x 5 = 270

1200 + 270 = 1470

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We hope this was helpful. Please come back whenever you need more information or answers to your queries. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.