You deposit $500 into an account that earns 4.5% simple annual intrest. What is the balance of the account after 14 years?

asked Jul 11, 2021 209k views

1 vote

by Skaal

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3 votes

$815

14(500*0.045) + 500
= 14(22.5) + 500
= 315 + 500
= 815

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