Ask Question
1 October, 17:53

Suppose your friends parents invest $15,000 in an account paying 4% annually. What will the balance be after 9 years?

+4
Answers (1)
  1. 1 October, 18:19
    0
    Here's the equation for one year:

    0.04 (15000) + 15000

    Because it is 9 years:

    0.36 (15000) + 15000

    We can make it simpler:

    1.36 (15000)

    Multiply:

    20400

    Their balance is $20400
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose your friends parents invest $15,000 in an account paying 4% annually. What will the balance be after 9 years? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers