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Anna11 [10]
3 years ago
9

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?
Mathematics
2 answers:
Eduardwww [97]3 years ago
5 0

Answer:

24750.

Step-by-step explanation:

825 x 6.5%= 5362.5 x 4= 24750

Ulleksa [173]3 years ago
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

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