Question

Melissa deposited $20 000 in a bank. She earned an interest of 1.5 % per year. How much money did she have in her bank after 1 year?

Answer 1

Answer:

20,300

Step-by-step explanation:

Convert 1.5% to a decimal (.015)

20,000 x .015 = 300

20,000 + 300 = 20,300