PLEASE HELP If a bank pays you 1.5% compound interest each year for the money you deposit, how much will you have in the bank in 20 y

Question

PLEASE HELP
If a bank pays you 1.5% compound interest each year for the money you deposit, how much will you have in the bank in 20 years if you deposit $500 in the bank today. Round your answer to the hundredths place.

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Kiệt Gia 5 years 2021-09-01T16:16:23+00:00 1 Answers 14 views 0

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  1. King
    0
    2021-09-01T16:17:31+00:00
    Reply

    Answer:

    The amount is $8358.7 and the interest is $3858.7.

    Step-by-step explanation:

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