Question

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 ?

Answer 1

Is this annuities?

Answer 2

OR Compound interest?

Answer 3

annuities

Answer 4

So all oyu have to do is plug in the variables, no?

Answer 5

idk.

Answer 6

75 $

Answer 7

What's the formula? You do know it right?

Answer 8

nevermind , I got it now , thanks anyway.

Answer 9

Awesome.