document.write( "Question 1071993: $1500 is deposited in an account earning 4.5% annual interest. If the money earns simple interest and remains in an account for 5 years, how much will be in the account at the end of 10 years. \n" ); document.write( "
Algebra.Com's Answer #687144 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! $1500 is deposited in an account earning 4.5% annual interest. \n" ); document.write( " If the money earns simple interest and remains in an account for 5 years, \n" ); document.write( "A = 1500*1.045^5 \n" ); document.write( "A = $1869.27 \n" ); document.write( " how much will be in the account at the end of 10 years. \n" ); document.write( "A = 1500*1.045^10 \n" ); document.write( "A = $2329.45 \n" ); document.write( " |