Determine whether the following statement makes sense or does not make sense, and explain your reasoning.

After depositing $1500 in an account at a rate of 4%, my balance at the end of the first year was $(1500)(0.04).

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Part 1

Select the correct choices that complete the sentence below.

The statement

because if $1500 is deposited at a rate of 4%, then by the end of the first year the

balance

interest

calculated is $(1500)(0.04). And the

interest

balance

at the end of the first year will be

$1500plus$(1500)(0.04).

The statementbecause if $1500 is deposited at a rate of 4%, then by the end of the first year thebecause if $1500 is deposited at a rate of 4%, then by the end of the first year thecalculated is $(1500)(0.And theat the end of the first year will be $1500$(1500)(0.

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