An investor deposits $825 into a retirement account that pays 6.5% simple annual interest. If no additional investment is made,

Question

3 years ago

9

how much interest should the investor expect at the end of 4 years?

2 answers:

Eduardwww [97] · Answer 1 · 2022-03-25T08:24:24+03:00

5 0

Answer:

24750.

Step-by-step explanation:

825 x 6.5%= 5362.5 x 4= 24750

Ulleksa [173] · Answer 2 · 2022-03-25T09:27:28+03:00

4 0

Answer:

1039.5

Step-by-step explanation:

6.25% of 825 = 53.625

53.625 x 4 = 214.50

825 + 214.50 = 1039.5