SOLUTION: I need help with this one question. It says: "You deposit $1500 in an account that pays 5% interest compounded yearly. Find the balance for the given time period." I understand how
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Question 737970: I need help with this one question. It says: "You deposit $1500 in an account that pays 5% interest compounded yearly. Find the balance for the given time period." I understand how to set it up, but I don't know what t=Time would be. It says the interest is compounded yearly so what would be t? Answer by lynnlo(4176) (Show Source):
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