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You invest $1000 in an account at 2.5% per year simple interest. How much will you have in the account after 4 years? Round to the nearest whole dollar

You invest $1000 in an account at 2.5% per year simple interest. How much will you have in the account after 4 years? Round to the nearest whole dollar
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You invest $1000 in an account at 2.5% per year simple interest. How much will you have in the account after 4 years? Round to the nearest whole dollar

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User Sameh Salama
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8.0k points

1 Answer

6 votes
your final answer is $1100. (1000*2.5%) = 25, 25*4 = 100, 100+1000 = $1100.
answered
User Yuval Peled
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8.3k points
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