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Using the interest formula, if you invest $1500 in the bank at an interest rate of 5% how much will you have after 10 years? Please round to the nearest cent.
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Using the interest formula, if you invest $1500 in the bank at an interest rate of 5% how much will you have after 10 years? Please round to the nearest cent.

User JohnColvin
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After 10 years you will have $2443.34 (assuming it's only compounded annually) This is because 1500(1.05)^10= 2443.34.     P.S. Sorry for the italics I can't turn them off.  
User Ryan Taylor
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