SOLUTION: if you deposit 15,000 in a bank account that pays 12% interest anually, how much will be in your account in 6 years?

SOLUTION: if you deposit 15,000 in a bank account that pays 12% interest anually, how much will be in your account in 6 years?

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Question 520449: if you deposit 15,000 in a bank account that pays 12% interest anually, how much will be in your account in 6 years?

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=15000(1.12)^6
A=15000*1.9738
A=$29,607.34
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