SOLUTION: 3600 dollars is placed in an account with an annual interest rate of 7.5%. How much will be in the account after 23 years, to the nearest cent?

SOLUTION: 3600 dollars is placed in an account with an annual interest rate of 7.5%. How much will be in the account after 23 years, to the nearest cent?

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Question 736298: 3600 dollars is placed in an account with an annual interest rate of 7.5%. How much will be in the account after 23 years, to the nearest cent?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=3600(1.075)^23
A=3600(5.277)
A=$18997.20
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