Question

Charlie invests 325 in an account that pays 8% simple interest for 15 years

Answer 1

1030.95

Explanation:

here is the formula

`i(1+(n)/(100))^(x) = t`

• i is the initial amount

• n is the interest

• x is the number of years

• t is the final amount after x years

when you plug everything in it is

`325(1+(8)/(100))^(15) = t`

now just plug into a scientific calculator.

1030.95