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Ann [662]
3 years ago
15

If you invest 2,000 today in a bank that gives you a 4 percent annual interest rate, which of these items can you buy in seven y

ears?
A: a home theater system worth $3,000
B: a designer dress worth $2,700
C: a mountain bike worth $2,500
Mathematics
2 answers:
postnew [5]3 years ago
8 0
I=prt
i=2000 X .04 X 7
i = 560
So you earned 560 after 7 years, plus your 2000 you started with
You can get C
miv72 [106K]3 years ago
8 0
The answer is C

$2,000
4% annual rate means $80/year 
$80 x 7 years = $560

$560 + $2,000 = $2,560 

And you can buy just the mountain bike. 
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