document.write( "Question 1103992: b. If Tyler deposits $1500 of the $3200 he has earned in an account that pays 4% simple interest, how much will he have after 5 years? Show all work.\r
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Algebra.Com's Answer #718866 by math_helper(2461)![]() ![]() You can put this solution on YOUR website! He deposits $1500, so that is the only part that earns interest. \r \n" ); document.write( "\n" ); document.write( "For a simple interest rate of 4%, he'll earn 0.04*$1500 = $60 per year.\r \n" ); document.write( "\n" ); document.write( "In 5 years, that will be 5*$60 = $300 earned in interest. This means he will have $1500 + $300 = |