489,065 views
14 votes
14 votes
Meredith invests $18,200 in an account that earns

3.25% simple interest. What will the balance in
Meredith's account be after 15 years?

User Drew Wills
by
2.8k points

1 Answer

7 votes
7 votes
Take 15 divided by 3.25% then multiply the total by the number of months in one year then multiply by 15 years and add that to 18,200 which gives you 19,030.77 (rounded)
User Itzy
by
2.7k points
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