brandone17 brandone17

03-12-2020
Mathematics

contestada

Larry deposits $15,000.00 into his savings account that earns 9% interest compounded annually. How much money is in the account after 12 years

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sayfray17 sayfray17

03-12-2020

Answer:

Answer: 31,200

Step-by-step explanation:

Every year, 9% interest, or $1,350, is being added to the account. $1,350x12=16,200

16,200 + 15,000 = 31,200

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