You invest $5000 in an account at 5.5% per year simple interest. How much will you have in the account after 5 years? Round your answer to the nearest whole dollar. A. $6252 B. $6507 C. $6375 D. $6138

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You invest $5000 in an account at 5.5% per year simple interest. How much will you have in the account after 5 years? Round your answer to the nearest whole dollar. A. $6252 B. $6507 C. $6375 D. $6138

Mathematics
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simple interest = principal * interest rate * number of periods
plug in the values given
so $5000*5.5%*5

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Other answers:

correct, so what does that equal?
1375
yep add that to the principle to get the total in account after 5 years
c
looks correct to me
thx
yw

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