nathansmail55 nathansmail55
  • 17-04-2020
  • Mathematics
contestada

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

Respuesta :

xaviersawyer2019
xaviersawyer2019 xaviersawyer2019
  • 17-04-2020

Answer:

1030.95

Step-by-step explanation:

here is the formula

[tex]i(1+\frac{n}{100})^{x} = t[/tex]

  • 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

[tex]325(1+\frac{8}{100})^{15} = t[/tex]

now just plug into a scientific calculator.

1030.95

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