Rozlyn invested $2000 in an account that pays 4.25% annual simple interest. She will not make any additional deposits or withdrawals. How much interest will Rozlyn earn on her investment in 10 years?

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John Heyer asked Dec 13, 2022

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Rozlyn invested $2000 in an account that pays 4.25% annual simple interest. She will not make any additional deposits or withdrawals. How much interest will Rozlyn earn on her investment in 10 years?

Mathematics
college

John Heyer asked Dec 13, 2022

by John Heyer

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27 votes

Answer:

$850

Explanation:

Interest = Principal x Rate x Time

I = 2000(.0425)(10)

I = 850

Lucy Maya Menon answered Dec 17, 2022

by Lucy Maya Menon

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