SOLUTION: Jerry invested $1500 in an account that paid him 8.25% simple intrest what will the balance of his account be after 6 years

Question 713226: Jerry invested $1500 in an account that paid him 8.25% simple intrest what will the balance of his account be after 6 years

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Jerry invested $1500 in an account that paid him 8.25% simple intrest what will the balance of his account be after 6 years
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A(t) = P(1 + rt)
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A(6) = 1500(1+0.0825*6) = 1500(1.495) = $2242.5
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Cheers,
Stan H.
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