SOLUTION: You deposit $1500 into an acount that pays 5% interest that compounds yearly. Find the balance after 6 years.

SOLUTION: You deposit $1500 into an acount that pays 5% interest that compounds yearly. Find the balance after 6 years.

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Question 863854: You deposit $1500 into an acount that pays 5% interest that compounds yearly. Find the balance after 6 years.
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
A = $1500(1.05)^6
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