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24 February, 20:28

Trevor deposits $1500 in a simple interest account that pays 4.3% annually. After 15 years, how much total money would be in the account?

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  1. 24 February, 20:44
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    First we need to know how much money that is in a year so

    4.3% = 0.043

    1500 x 0.043 = 64.5

    so that's $64.5

    so now we multiply 64.5 x 15 which is 967.5

    So your answer is $967.5
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