Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

You deposit $1500 in an account that pays 5% interest yearly. How much money do you have after 6 years?

Sagot :

How you find the aswer to intrest is you multiply principle ( amount put in) times rate (percentage) times time (how long the principle was in) so I am going to multiply 1,500 * .05 *6 the answer is 450, then I am doing to add that to the principal, the answer i s 1,950.
We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.