Question

1) How much money will you have in an account after 5 years if you invest $1,200 at 2.5%

Answer 1

Answer:

$ 1,350

Step-by-step explanation:

i = (prt) / 100

p = $ 1,200 r = 2.5% t = 5 years

i = (1,200 x 2.5 x 5) / 100

i = $ 150

amount = p + i

= 150 + 1,200

= $ 1,350