Michael deposits $1,500.00 into a savings account with an annual interest rate of 2%. How much money will he have in his account after 4 years if no additional deposits or withdrawals are made?

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asked Feb 1, 2021 174k views

4 votes

Michael deposits $1,500.00 into a savings account with an annual interest rate of 2%. How much money will he have in his account after 4 years if no additional deposits or withdrawals are made?

Michael deposits $1,500.00 into a savings account with an annual interest rate of-example-1

Mathematics
high-school

Anvesh Saxena asked

by Anvesh Saxena

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2 Answers

5 votes

Answer:

3,804.80

Explanation:

Shutefan answered Feb 4, 2021

by Shutefan

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7 votes

Answer:

120 total interest

Explanation:

1500 x 0.02 =30 30 x 4 = 120

Lukman answered Feb 7, 2021

by Lukman

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