Question

HELLPPPPPPPPPP!!!(Mikaela will invest $2,500 in an account that pays her 7.5% over 2 years. How much interest will she receive? Also, how much will she make total?

Answer 1

Just interest is $187.50

Total is $2,687.50

Explanation:

1. Determine what 7.5% of $2,500 is:

0.075 × 2,500 = 187.5

2. Add the interest (187.5) to the amount invested:

2,500 + 187.5 = 2,687.5

Answer 2

375 interest, 2875 total

Explanation:

I - ?

P - 2,500

R - .075

T - 2

2,500 x .075 = 187.5

187.5 x 2 = 375

375 + 2,500 = 2,875

(Do you go to GPFAA bc I have the same question)