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Suppose you deposit $1500 in a savings account that pays interest at an annual rate of 3.5%. Non money is added or withdrawn from the account. How much will be in the account after 5 years? How much will
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Suppose you deposit $1500 in a savings account that pays interest at an annual rate of 3.5%. Non money is added or withdrawn from the account. How much will be in the account after 5 years? How much will be in the account after 20 years?

User Deantawonezvi
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5 votes

Answer:

5 years : 1781.52

20 years: 2984.68

User Grigory Entin
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