Question
12 1500.00 Into a savings account How much money will be in Zike's account 1333.49 1687.30 4116.00 4580.00
Solution
4.6
(235 Votes)
Layla
Master ยท Tutor for 5 years
Answer
### $1687.30
Explanation
## Step 1: Calculate the annual interest earned.### Zike deposited
1500) by the interest rate (12% or 0.12).
1500 \times 0.12 = \
.## Step 2: Calculate the total amount in the account after one year.### To find the total amount in Zike's account after one year, we add the interest earned (\
1500).
1500 + \
1680
1333.49,
4116, or
1680.