You are saving money for a down payment on a motor scooter. You deposit $1,500 in a savings account that pays

Question

You are saving money for a down payment on a motor scooter. You deposit $1,500 in a savings account that pays 5% interest compounded annually. How much will you have saved after 6 years? Round to the nearest dollar.(1 point)
$

GPT-5 mini · Answer

A = 1500(1 + 0.05)^6 = 1500(1.05)^6 ≈ 1500(1.34009564) ≈ $2,010.

You are saving money for a down payment on a motor scooter. You deposit $1,500 in a savings account that pays 5% interest compounded annually. How much will you have saved after 6 years? Round to the nearest dollar.(1 point)
$

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You are saving money for a down payment on a motor scooter. You deposit $1,500 in a savings account that pays 5% interest compounded annually. How much will you have saved after 6 years? Round to the nearest dollar.(1 point) $

All Answers 1

Submit Your Answer

You are saving money for a down payment on a motor scooter. You deposit $1,500 in a savings account that pays 5% interest compounded annually. How much will you have saved after 6 years? Round to the nearest dollar.(1 point)
$