Question

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Answer 1

$17,295 will be in his account after 72 months.

Explanation:

G.$17295

Answer 2

17925

Explanation:

3(1/4)=3.25

simple interest formula:

PV(1+it)=FV

we will divide the 72 months to convert it into years

72/12=6

15000(1+.0325*6)=17925