The only time interest is a good thing is when you are saving money in a savings account. You put $800 in a savings account that earns 12% simple interest. You accidentally forget about the account for 15 years. When you remember about the account 15 years later what is the total amount in the savings account? $ %24

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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The only time interest is a good thing is when you are saving money in a savings account.
You put $800 in a savings account that earns 12% simple interest. You accidentally forget about the account for 15 years.
When you remember about the account 15 years later what is the total amount in the savings account?
$
%24
Transcribed Image Text:The only time interest is a good thing is when you are saving money in a savings account. You put $800 in a savings account that earns 12% simple interest. You accidentally forget about the account for 15 years. When you remember about the account 15 years later what is the total amount in the savings account? $ %24
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