Question

You invest $5000 in an account at 55% per year simple interest How much will you have in the account after 5 years? Round your answer to the nearest whole dollar

Answer 1

If you invest $5000 at 55% you will receive $2750 every year then multiply that by , then add the $5000 and you will receive $18,750.

Answer 2

The interest is $33000 and the amount is $38000. This is the answer to your question. Good luck.