Sean used the $1,200 he got from his graduation party to open a savings account. if the account earns 1% interest each month and he makes no additional deposits, how much money will be in the account in 5 years?

Step-by-step explanation:

we know that

The simple interest formula is equal to

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest  

t is Number of Time Periods

in this problem we have

substitute in the formula above

hi,

3. 12.15, you are correct.

4.2.01, your first digit is correct,

hope this !

step-by-step explanation:

goog be able to you with that maybe