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Will got an insurance check of $4500 after a car accident. He deposited it into a savings account at 1.7 percent interest for five years. What was the total amount of money in the account after five years?
I=Prt = 4500*.017*5 = 382.50. P+I = 4500+382.50 = 4,882.50. The total amount of money in the account after 5 years is $4,882.50.
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Expert answered|debnjerry|Points 43719|
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Asked 2/7/2013 8:00:09 AM
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