Register
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?
9.6k views
2 votes
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?

User Xavier Shay
by
8.2k points

1 Answer

6 votes

Answer:

$360

Explanation:

Find 3% of 500 = 15

Multiply 15 by 24 = 360

User Alice Oualouest
by
6.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!