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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?
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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?

User Brownegg
by
6.1k points

1 Answer

0 votes

Answer:

$850

Explanation:

Interest = Principal x Rate x Time

I = 2000(.0425)(10)

I = 850

User Roy Hyunjin Han
by
7.3k points
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