Question

A principal of $950 is invested in an account at 7% per year simple interest. What is the account total after 5 years.... ANSWERS:A$1282.50 B:1316.27. C:$1332.42. D:$1256.50

Answer 1

Its A because you have to find 7 percent of 950. x/950=7/100. then x equals 66.5. multiply that by 5 years. the add that number to $950.

Answer 2

the answer is $1282.50