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OpenStudy (anonymous):
Chris put 1,500 $ in a savings account at an annual interest rate of 5%. If Chris does not deposit or withdraw any money, what is the amount of interest Chris will earn the first year her money is in the savings account ?
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OpenStudy (istim):
Is this annuities?
OpenStudy (istim):
OR Compound interest?
OpenStudy (anonymous):
annuities
OpenStudy (istim):
So all oyu have to do is plug in the variables, no?
OpenStudy (anonymous):
idk.
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OpenStudy (anonymous):
75 $
OpenStudy (istim):
What's the formula? You do know it right?
OpenStudy (anonymous):
nevermind , I got it now , thanks anyway.
OpenStudy (istim):
Awesome.
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