Jo deposits $13,000 in a savings account that earns 7.75% interest. How much interest will the account earn after 18 months?

Question

Jo deposits $13,000 in a savings account that earns 7.75% interest. How much interest will the account earn after 18 months?

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Thiên Ân 6 months 2021-09-05T00:12:32+00:00 2 Answers 3 views 0

Answers ( )

  1. Calantha
    0
    2021-09-05T00:14:15+00:00
    Reply

    I = prt

    I = 13,000(0.0775)(1.5)

    Note: t = time in years. We know that 18 months is 1.5 years.

    I = $1,511.25

  2. yenoanh
    0
    2021-09-05T00:14:18+00:00
    Reply

    Answer:

    I = $1,511.25

    Step-by-step explanation:

    hope it helps

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