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You invest $1,000 in an account at 2.5% per year simple interest. how much will you have in the account after 3years? round your answer to the nearest whole dollar

You invest $1,000 in an account at 2.5% per year simple interest. how much will you have in the account after 3years? round your answer to the nearest whole dollar
asked 63.6k views
3 votes
you invest $1,000 in an account at 2.5% per year simple interest. how much will you have in the account after 3years? round your answer to the nearest whole dollar

asked
User Emil C
by
7.2k points

1 Answer

3 votes
$1,000 x 0.025 x 3 = $75

$1000 +$75 = $1,075

answer: $1,075


answered
User Mark Roper
by
8.0k points
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