anonymous
  • anonymous
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
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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anonymous
  • anonymous
simple interest = principal * interest rate * number of periods
anonymous
  • anonymous
plug in the values given
anonymous
  • anonymous
so $5000*5.5%*5

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More answers

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

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