## A principal of $4900 is invested at 3.5% interest, compounded annually. How much will the investment be worth after 15 years?

Question

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

## Answers ( )

Answer:25725

Step-by-step explanation:Well, I decided to multiply 4900 by .35 because we turn 3.5% into .35, then I got 1715. I got 1715 and multiplied it with 15, with a result of 25725.

I hope I helped and sorry if I’m wrong. ðŸ™‚

Answer:$2572.50

Step-by-step explanation:This is because the formula for simple interest is p x r x t.

You would do 4,900 x 3.5% x 15, which equals 2572.5.

That would give you the simple interest of the investment.