A sum of 2500$ is invested in a saving account which pays interest at a rate of 7 per year compounded annually. if the amount is kept on deposit for 15 year's, what will the compound amount equal? how much interest will be earned during the 15 years?

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03-06-2022
Mathematics

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A sum of 2500$ is invested in a saving account which pays interest at a rate of 7 per year compounded annually. if the amount is kept on deposit for 15 year's, what will the compound amount equal? how much interest will be earned during the 15 years?

Sagot :

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