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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asked Sep 2, 2022 165k views

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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

Brownegg asked

by Brownegg

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Answer:

$850

Explanation:

Interest = Principal x Rate x Time

I = 2000(.0425)(10)

I = 850

Roy Hyunjin Han answered Sep 9, 2022

by Roy Hyunjin Han

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