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A bank account earns 6% simple interes per year if you deposit 1,000 and then do not make any additional deposits or withdrawals what will the balance on the account be after 5 years. Round your answer
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A bank account earns 6% simple interes per year if you deposit 1,000 and then do not make any additional deposits or withdrawals what will the balance on the account be after 5 years. Round your answer to the nearest dollar

User Maxim Chetrusca
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5.0k points

1 Answer

5 votes

Answer:

$1,300

Explanation:

User Fernando Aspiazu
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4.6k points
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