Question

Anna invest $2500 into an account that earns 4.5% simple interest for one year. What is the balance of Anna’s account after one year?

Answer 1

$2612.50

Explanation:

4.5% of 2500 is 112.5

so you add 2500 and 112.5 together which equals $2612.50

so in one year she would have $2612.50 in her bank account.