Vance invests S15,000 in an account that pays 3 1/4% simple interest for 72 months. Assuming Vance doesn't make any other deposits or withdrawals, how much will be in his account after 72 months?

$15487.5

Step-by-step explanation:

Using the formula for calculating the amount as;

Amount = Principal + Interest

Principal = $15,000

Get the interest

Interest = PRT/100

Interest = 15000*13/4 * 3/100 (72months = 3years)

Interest = 195000/400

Interest = $487.5

Amount = 15000 + 487.5

Amount= $15487.5

Hence he will have $15487.5 in his account after 72months

3/4 ÷ 3/4

step-by-step explanation:

basically divide any proper fraction with itself to fit the criteria.

so if we are using 3/4, then:

3/4 ÷ 3/4 = 1

so 1 is the quotient.

and the numerators for both these fractions is 3.   and if we divide the numerators:

3 ÷ 3 = 1

we see that quotient is equal to our original quotient as well.