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27 votes
27 votes
1. A woman deposits $10000 in a bank. The interest rate per annum is 8%. How much will she have in the account in 15 years to the nearest $?

User Carl Thomas
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1 Answer

29 votes
29 votes

Answer:

31,772

Explanation:

10,000(1.08) = 10,800

Do this 14 more times, your answer times 1.08. You will end up with 31,721.6911418... round it and u will get $31,772

User GrvTyagi
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