LoraleeHaddan249 LoraleeHaddan249
  • 16-07-2015
  • Mathematics
contestada

You invest $5000 in an account at 5.5% per year simple interest. How much will you have in the account after 5 years? Round your answer to the nearest whole dollar.
a. $6252
b. $6507
c. $6375
d. $6138

Respuesta :

tiredpeach
tiredpeach tiredpeach
  • 16-07-2015
Simple Interest = PRT/100

5000 x 5.5 x 5 / 100 = $1375
$5000 + $1375 = $6375

Ans: C
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