you invest $1000 dollars in an account at 2.5% per year simple interest. How much will you have in the account at the beginning

Question

Vilka [71]

3 years ago

9

you invest $1000 dollars in an account at 2.5% per year simple interest. How much will you have in the account at the beginning

of the 4th year. Round your answer to the nearest whole dollar

Mathematics

2 answers:

Lina20 [59] · Answer 1 · 2021-11-22T16:10:26+03:00

Lina20 [59]3 years ago

7 0

I = PRT

P = 1000
R = 2.5% -- change to a decimal = .025
T = 3

 now we sub I = PRT
I = (1000)(.025)(3)
I = 75
 so at the end of 3 years, there will be : 1000 + 75 = $ 1075 in the account

Hope this helps!!
~Lena~

katovenus [111] · Answer 2 · 2021-11-22T18:30:00+03:00

katovenus [111]3 years ago

7 0

Answer:

Its $1075

Step-by-step explanation: