When you are born, your parents deposited $500 into a simple interest account that earns 2.5% annually. How much money would be in the account, for you, when you turn 30 years old?

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asked Mar 21, 2022 153k views

10 votes

When you are born, your parents deposited $500 into a simple interest account that

earns 2.5% annually. How much money would be in the account, for you, when you
turn 30 years old?

Mathematics
high-school

Tanishia asked

by Tanishia

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1 Answer

9 votes

Answer:

$575

Explanation:

2.5 x 30 + 500

Seyfi answered Mar 28, 2022

by Seyfi

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