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01-03-2017
Mathematics

Answered

$1500 at 4% for five years what is the balance of the account

Verified Answer :

Anonymous Anonymous

03-03-2017

Amount of Interest (I) = P R T /100
I = 1500 5 4 /100
I = 300

Balance = Initial amount + Interest amount
B = 1500 + 300 = 1800

In short, Your Answer would be $1800

Hope this helps!

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