A student received an inheritance from her grandmother of $1000. She places the money in a savings account paying simple interest at 15%. What will be the value of the account after 6 months? The value of the account after 6 months is $

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
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A student received an inheritance from her grandmother of $1000. She places the
money in a savings account paying simple interest at 15%. What will be the value
of the account after 6 months?
The value of the account after 6 months is $
Transcribed Image Text:A student received an inheritance from her grandmother of $1000. She places the money in a savings account paying simple interest at 15%. What will be the value of the account after 6 months? The value of the account after 6 months is $
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