Question

An account pays 9% per year simple interest. In year 1, the amount in the

account is $750. How much is in the account in year 6?
O A. $1128.43
B. $1153.97
C. $1045.50
D. $1087.50

Answer 1

Answer: D

$1087.50

Step-by-step explanation:

Answer 2

D, simple interest is merely the percentage of the initial value added per period of time, you can find 9% of 750 by multiplying 750 by .09