Question

Jamila invests $15,000 in a savings account with a 3.7% interest rate. What will the future value be after 15 years?

Answer 1

Answer: $23325

Step-by-step explanation: I=prt

Convert 3.7% into a decimal so it's easier to multiply

I=(15000)(.037)(15)

I=8325

$8325 of interest$15000 saved= $23325