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Dahasolnce [82]
3 years ago
14

Darren invests $750 in an account that pays 2.5% simple interest for 40 weeks. How much will his investment be worth at the end

of this time?
Mathematics
2 answers:
Yuliya22 [10]3 years ago
5 0

Answer:

  $764.42

Step-by-step explanation:

The account balance is given by the formula ...

  A = P(1 +rt)

where P is the principal invested, r is the annual rate, and t is the number of years. Here, we assume 52 weeks in the year, since the time period is given in weeks.

Filling in the numbers, we have ...

  A = $750(1 +0.025(40/52)) = $764.42

Darren's investment will be worth $764.42 at the end of 40 weeks.

Anna11 [10]3 years ago
3 0
$764.42, hope this helps!
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