hill603029 hill603029
  • 20-02-2021
  • Mathematics
contestada

Paula opens a bank account that earns 6% interest. Her initial deposit is $400.

How much money does Paula have after 15 years?

Respuesta :

ayannastephens0828 ayannastephens0828
  • 22-02-2021

Answer:

$461,168.60

Step-by-step explanation

  1. Turn the percentage into a decimal
  2. Take much much she has in the bank
  3. put () around 1+.6
  4. y=400(1+.6)^15 and calculate the problem and round to the nearest 100th
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