PLEASE HELP. VERY DESPERATE suppose you deposit $1,000 in a savings account that pays interest at an annual rate no money is added or withdrawn from the account.

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PLEASE HELP. VERY DESPERATE suppose you deposit $1,000 in a savings account that pays interest at an annual rate no money is added or withdrawn from the account.

Mathematics
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Where is the question?
what will the amount be after 4 years
You can use the formula for a simple interest rate which is interest = principal * rate * time You will need to know the interest rate though.

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the interest rate is 6%
I = 1,000 * 0.06 * 4 = 240 so there will be $1,240 after 4 years.
what about after 17 years?
Just substitute 17 in for 4.
i dont get it? :(
You have the initial amount which is called the principal. You then multiply that by the amount of interest earned, 6%, converted into decimal form which is 0.06. Then multiply that by the amount of time.
For 17 years it would be I = 1000 * 0.06 * 17 = 1020 Add that to the principal and you have your total after 17 years. 1020+ 1000 = 2020
for the account to contain 1,500 how long would it take?
Solve this equation: 1000 * 0.06 * x = 1,500
type a whole number
8 years
what about 2,000
16 years 8 months
kk thanks!:)
ps. YOUR A flutterING IDIOT WHO MADE ME GET IT WRONG
READ A MATH BOOK IDIOT

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