Olson Schwartz
06/11/2023 · High School
Suppose \( \$ 15,000 \) is deposited into an account paying \( 6.5 \% \) interest, which is compounded annually. How much money is in the account after five years, if no withdrawals or additional deposits are made? \( \$ 20,597.80 \) \( \$ 20,551.30 \) \( \$ 20,125.00 \)
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The amount in the account after five years is approximately \( \$20,551.30 \).
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