laila1162 laila1162
  • 24-10-2018
  • Mathematics
contestada

What would be the value of $150 after years if you earn 12 percent interest per year?

Respuesta :

MrGumby
MrGumby MrGumby
  • 24-10-2018

Answer:

If that interest is compounded yearly, the amount in the account would equal $168.

Step-by-step explanation:

To find this, we start by multiplying the principle by the percentage.

$150 *12% = $18

Now we add that number to the original principle.

$15 + $18 = $168

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