Register
Mrs. Nelson deposits $2,500 in an account that earns 5% simple interest. How much is Mrs. Nelson's investment worth after 20 years ? A:2500 B:5000 C:4500
39.5k views
2 votes
Mrs. Nelson deposits $2,500 in an account that earns 5% simple interest. How much is Mrs. Nelson's investment worth after 20 years ?

A:2500
B:5000
C:4500

User Kick Buttowski
by
6.0k points

1 Answer

2 votes
The answer is B because 5% of 2500 is 125 so each year 125$ gets added to her account so you multiply 125 by 20 and you get 2500. Finally you add 2500 + 2500 which gives you 5000
User LTasty
by
7.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.9m questions

10.5m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!