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    rosienj686's Avatar
    rosienj686 Posts: 1, Reputation: 1
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    #1

    Oct 24, 2011, 05:23 PM
    If you deposit 15,000 in a bank account that pays 12% interest anually, how much will
    If you deposit 15,000 in a bank account that pays 12% interest anually, how much will be in your account in 6 years?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Oct 24, 2011, 05:48 PM
    Thank you for taking your time to cut and paste your homework on our site. We do not do your homework here.

    We will help you to do it, so if you want to post what you think and how you got to it, we will be glad to help.

    You may tell teachers that 12 percent is not even a realistic amount any longer
    paresh_k2006's Avatar
    paresh_k2006 Posts: 1, Reputation: 1
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    #3

    Nov 1, 2011, 03:26 AM
    After 6 years you will get 10800/- as an interest according to Fixed Flat Rate of Interest i.e.12%/- Annam & Suppose it's a Compounded an Interest then its will have 14.367.33 an interest.
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