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Gilberto invests $10,000 in a savings account that pays 4.75% simple interest. If Gilberto makes no withdrawals or deposits to the account, how much will be in the account after…

Gilberto invests $10,000 in a savings account that pays 4.75% simple interest. If Gilberto makes no withdrawals or deposits to the account, how much will be in the account after…
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5 votes
Gilberto invests $10,000 in a savings account that pays 4.75% simple interest. If Gilberto

makes no withdrawals or deposits to the account, how much will be in the account after 7
years?
A. $3,325
B. $13,325
C. $13,838.16
D. $13,000

asked
User Pop
by
7.8k points

1 Answer

1 vote

Answer: B. $13,325

:)

answered
User Davidselo
by
7.9k points
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