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Jo deposits $13,000 in a savings account that earns 7.75% interest. How much interest will the account earn after 18 months?

User Akarun
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2 Answers

7 votes

Answer:

I = $1,511.25

Explanation:

hope it helps

User Genc
by
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9 votes

I = prt

I = 13,000(0.0775)(1.5)

Note: t = time in years. We know that 18 months is 1.5 years.

I = $1,511.25

User Bazinga
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