3 years ago

You deposit $1000 in an account that earns 2.5% per year simple interest. The equation that represents this situation is:

1 answer:

7 0

<span>The answer is $1075. The way to figure this out is to plug in 4 for n, which represents the number of years. A(4) = 1000 + (4 - 1) * (0.025 * 1000) A(4) = 1000 + 3 * 25 = $1075</span>

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