Question

you invest 4,000 in an account at 6.5% per year simple interest how much will you have in the account at the account at the beginning of the 9th year round your answer to the nearest whole dollar

Answer 1

at the beginning of the 9th year, namely at the end of the 8th year of it being deposited, so after 8 years then.

Answer 2

D

`\boxed{6080}`

`\text{A = P(1 + rt)} \Rightarrow A = 4000(1 + (0.065*8)) = 6080 \Rightarrow \boxed {6080}`

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Detailed Explanation:

The formula we use for this problem is:

`A = P(1 + rt)`

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Now, we would input the numbers into the formula.

A = 4000(1 + (0.065 × 8))

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Hence, that is how the answer would be
`\boxed{6080}`