Question

Shannon puts $15,000 in an account paying 7% interest She will leave the money there for 10 years How much money will Shannon have in 10 years

Answer 1

$25500

Explanation:

1 year = 7% interest

10 years = 70% interest

70% = 0.7

15,000 times 0.7 = $10500

Then we add both numbers to find the money Shannon has in 10 years

15,000 + 10500 = $25500

So, Shannon has $25500 in 10 years!