Julio deposits $345 in an account that earns 3.1% interest compounded annually. How much money is in the account after 15 years?

asked Sep 16, 2021 5.2k views

4 votes

6.3k points

Please log in or register to add a comment.

1 vote

Answer:

A = $ 545.38

A = P + I where

P (principal) = $ 345.00

I (interest) = $ 200.38

Paul DS answered Sep 22, 2021

5.4k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.7m answers