An investor deposits $825 into a retirement account that pays 6.5% simple annual interest. If no additional investment is made,
how much interest should the investor expect at the end of 4 years?
2 answers:
Answer:
24750.
Step-by-step explanation:
825 x 6.5%= 5362.5 x 4= 24750
Answer:
1039.5
Step-by-step explanation:
6.25% of 825 = 53.625
53.625 x 4 = 214.50
825 + 214.50 = 1039.5
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Answer:
78.8
Step-by-step explanation:
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The first one! It is using the distributive or associative property!
