Question

Amanda deposited $2000 in a bank. The bank will pay 5% interest per year that the is in the savings account. How much money will she have in 15 years? In Exponential Form

Answer 1

GIVEN:PRINCIPLE=$2000

RATE OS INTEREST=5%

TIME=15

INTEREST =?

AMOUNT=?

I=P×R×T÷100

I=2000×5×15÷100(cancel the two zeros of 2000&100)

I=20×5×15

I=100×15

I=1500.

SO,A=P+I

=2000+1500

=$3500

Answer 2

Answer:

Step-by-step explanation: