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Madeline deposited $750 into an investment account that earns 1.5% interest compounded annually. If no deposits nor withdrawals are made, how much in dollars will be in the account after 15 years? A $1,
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Madeline deposited $750 into an investment account that earns 1.5% interest compounded annually. If no deposits nor withdrawals are made, how much in dollars will be in the account after 15 years?

A $1,687.50
B $937.67
C $918.75
D $870.40

Madeline deposited $750 into an investment account that earns 1.5% interest compounded-example-1
User Korbinian Kuhn
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1 Answer

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B $937.67 is the correct answer
User Dustin Wilhelmi
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