James puts $1,500 into an account that earns 1.5% interest every month, if this continues the same way each month, how much will he have in the account after 1 year.
The equation we would use is 1500 * 0.0150 for our 1.5% our total interest will be 270, and the money going into he account will be a total of 18,000 so it would be 18,270
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