Tom opens a bank account and makes an initial deposit of $500. the banker tells tom that he is going to receive an annual rate of 6% on his investment. find the bank balance assuming tom leaves the account untouched for 15 years.

$ 1198.28 (approx)

Step-by-step explanation:

Here, the principal amount, P = $ 500

Annual rate of interest, r = 6%

Time, t = 15 years

Thus, the amount in the account, when the initial amount is compounded with the rate of 6% for 15 years,

Hence, the balance after 15 years in the account = $ 1198.28 (approx)

y=mx+b

step-by-step explanation:

m is slope, b is y-intercept

im alright what do you need

step-by-step explanation: