Question 633352
$1500 ---- 5 years--------9%

=1500*5*0.09= 675

$3000-3years - 9%

3000*3*0.09=810
Total interest earned = 810+675= 1485

Total in bank after 5 years = 5000+1485= 6485

Less cost of shoes $5000

=1485.

he will earn 9% on 1485 for 1 year

Interest= 1485*0.09*1

=133.65

Money in Bank after 6 years = 1080 + 133.65=1177.20
=$1213.65