Question

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?
i got 3790.53617 can someone just make sure

Answer 1

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Answer:

$850

Explanation:

The amount of interest earned is ...

I = Prt . . . . . on principal P at annual rate r for t years

Using the given values, the interest earned is ...

I = $2000·0.0425·10 = $850

The interest Rozlyn's account earns in 10 years is $850.