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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 3 years?

You invest $1000 in an account at 2.5% per year simple interest. How much will you have in the account after 3 years?
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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 3 years?

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User Pax
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8.5k points

1 Answer

3 votes
1000 x 0.025 x 3 = 75
1000 + 75 = 1075
answered
User Artoju
by
8.1k points
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