Question

If a man has $1,500 in the bank and the annual interest rate is 5%, how much money will he have in the bank after 1 year?

Answer 1

Hey mate, here's ur answer,

SI=P*R*T/100
SI=$1500*5*1/100
SI=$75

Amount = P+SI
Amount = $1500+$75
Amount = $1575

He will be having $1575 in the bank.



Hope you will make my answer brainliest please please please.
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