Question

Paula opens a bank account that earns 6% interest. Her initial deposit is $400.

How much money does Paula have after 15 years?

Answer 1

Answer:

$461,168.60

Step-by-step explanation

1. Turn the percentage into a decimal
2. Take much much she has in the bank
3. put () around 1+.6
4. y=400(1+.6)^15 and calculate the problem and round to the nearest 100th