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You invest $2700 in an account at 1.5% per year simple interest. The equation that represents this scenario is: A(n) = 2700 + (n – 1)(0.015 • 2700) How much will you have in the account in year 5? Round
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33 votes
33 votes
You invest $2700 in an account at 1.5% per year simple interest. The equation that represents this scenario is:

A(n) = 2700 + (n – 1)(0.015 • 2700)

How much will you have in the account in year 5? Round your answer to the nearest dollar.

User Moojjoo
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1 Answer

22 votes
22 votes

Answer:

put n = 5

A(5)= 2700+(5-1)*0.015*2700=

User Rajesh Prajapati
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3.1k points
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