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An investment of $1,500 is earning 7% simple interest each year. How much will the investment be worth after one year? A.$105 B.$1,605 C.$2,550 D.$10,500

An investment of $1,500 is earning 7% simple interest each year. How much will the investment be worth after one year? A.$105 B.$1,605 C.$2,550 D.$10,500
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An investment of $1,500 is earning 7% simple interest each year. How much will the investment be worth after one year?

A.$105
B.$1,605
C.$2,550
D.$10,500

User Frank Drebin
by
8.7k points

1 Answer

1 vote

Answer:

B

Explanation:

1500 * 0.07 = 105

105 + 1500 = 1605

User Debugger
by
7.6k points
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