James has a bank account with $500 that collects 3% interest annually. How much will be in James account after 24 months if no transaction are made?

Mishan asked Mar 16, 2022

128,091 views

29 votes

Mishan asked Mar 16, 2022

2.9k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

16 votes

Answer:

$360

Explanation:

Find 3% of 500 = 15

Multiply 15 by 24 = 360

Oday Salim answered Mar 21, 2022

2.7k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers