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3 years ago

10

You invest $5000 in an account at 5.5% per year simple interest. How much will you have in the account after 5 years? Round your

answer to the nearest whole dollar.
a. $6252
b. $6507
c. $6375
d. $6138

1 answer:

MAVERICK [17]3 years ago

7 0

Simple Interest = PRT/100

5000 x 5.5 x 5 / 100 = $1375
$5000 + $1375 = $6375

Ans: C

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