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HELPPPP You invest $2700 in an account at 1.5% per year simple interest. The equation that represents this scenario is: A(n) = 2700 + (n - 1)(0.015. 2700) How much will you have…

HELPPPP You invest $2700 in an account at 1.5% per year simple interest. The equation that represents this scenario is: A(n) = 2700 + (n - 1)(0.015. 2700) How much will you have…
asked 194k views
4 votes
HELPPPP

You invest $2700 in an account at 1.5% per year simple interest. The equation
that represents this scenario is:
A(n) = 2700 + (n - 1)(0.015. 2700)
How much will you have in the account in year 5? Round your answer to the
nearest dollar.

HELPPPP You invest $2700 in an account at 1.5% per year simple interest. The equation-example-1
asked
User Dfperry
by
8.2k points

1 Answer

2 votes
Second option. 1.5% of 2,700 is 40.5. Multiply that by 5 and you get 202.5 add that to 2,700 and you get 2,902.5. Round that and you get 2,903. Hence, the second option is correct.
answered
User DJ Ramones
by
7.7k points
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