14-02-2020
Mathematics

contestada

Jessica placed $1,100 in a savings account which earns 3.7% interest, compounded annually. How much will she have in the account after 15 years.

Respuesta :

Bladerunner1976 Bladerunner1976

14-02-2020

Answer:

$1897.03

Step-by-step explanation:

The formula is P = Inital Principal(1 + rate)^# years

So: P = 1100(1 + 0.037)^15

P = 1100(1.037)^15

P = 1897.03

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