Question

Royell sold his shoes and put $1000 into a savings account with an interest rate of 5%. How much money will be in his account if he doesn't touch it after 7 years?

A $20,000
B $700
C $1,350
D $1,500​

Answer 1

C.

Explanation:

(1,000)(0.05)(7)

I = $350

1,000 + 350

=$1,350