If a student deposits $1,500 in the bank and earns an annual interest rate of 8%, how much will he have after 15 years? (Hint: y = ab)

1800

Explanation: 1= P x r x t

P is the principal amount, $1500.00.
r is the interest rate, 8% per year, or in decimal form, 8/100=0.08.
t is the time involved, 15year(s) time periods.
So, t is 15year time periods.

find the simple interest, we multiply 1500 × 0.08 × 15 to get that

What are the options