SOLUTION: If an intrest rate is 4% that is aplied on $1500 how much intrested would be gained per month

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: If an intrest rate is 4% that is aplied on $1500 how much intrested would be gained per month       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 431803: If an intrest rate is 4% that is aplied on $1500 how much intrested would be gained per month

Answer by shree840(260) About Me  (Show Source):
You can put this solution on YOUR website!
Interst per month =04/12=.033
fv=1500(1.033)=1549.3 ANS