Question

If $10,000 is invested at a rate of 2.5 percent for 5 years, how much money is in the account at

Answer 1

Answer:

$8,750

Step-by-step explanation:

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Well, first thing's first. Find 2.5% of $10,000.

$10,000*0.025=$250

$250 dollars for 5 years is $250*5=$1,250

Finally, 10,000-$1,250=$8,750

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