kayleeprincess07 kayleeprincess07

19-02-2021
Mathematics

contestada

An account earns simple interest.
$1500 at 4% for 5 years
a. Find the interest earned.
$
b. Find the balance of the account.

Respuesta :

clarch19 clarch19

21-02-2021

Answer:

a) $300 in interest

b) $1800 account total

Step-by-step explanation:

Interest = Principal x Rate x Time

I = 1500(.04)(5)

I = 300

A = P + I

1800 = 1500 + 300

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