Question

Sumi Kato's savings account has a balance of $718. After 15 years what will teh amount of interest be at 2.5% compounded annually? Round to the nearest cent.

Answer 1

718(1.025)^15 = about 1039.88

Answer 2

Do you mean amount of money in the account after 15 years?

Answer 3

yes

Answer 4

Then, the above answer should be correct.

Answer 5

310.66
327.66
1,077
321.66 is my choices

Answer 6

Based on the choices, I think you are asking for the increase.

1039 - 718 = 321 should be the last one

Answer 7

ty