21-01-2021
Mathematics

contestada

Kent opened a savings account with a $450 deposit. His money earns 2.5% simple interest per year. If Kent does not deposit or withdraw money from the account, what will be the account balance after 15 years?

Respuesta :

Queenallicat23 Queenallicat23

21-01-2021

Answer

The answer is $618.75

Step-by-step explanation:

450+ (450x2.5) times x = Total balance

450+ (11.25 x 15) = total balance

450+ 168.75 = $618.75

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