Question

How much will you have from your investment after four years?

Answer 1

Given :

The principal = P = $2600

The simple interest rate = r = 5% = 0.05

The time = t = 4 years

so, The simple interest = I

`I=P\cdot r\cdot t=2600\cdot0.05\cdot4=520`

so, the answer is : after 4 years, you will have $52