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25 July, 21:33

Sheila deposited $1,050.00 into a saving account at her local bank. if the interest rate is 1.5%, then how much will he have after 18 months (round your answer to the nearest cent) ?

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  1. 25 July, 21:39
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    A=p (1+r) ^t

    A future value?

    P present value 1050

    r interest rate. 015

    t time 18/12

    A=1,050 * (1+0.015) ^ (18:12)

    A=1,073.71
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