Question

you invest $1000 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. A. $1075 B. $3250 C. $1088 D. $1163

Answer 1

Answer:

Step-by-step explanation:

I = PRT

P = 1000

R = 2.5% or 0.025

T = 4

I = (1000)(.025)(4)

I=100

1000+100=1100

but the answer choices???