01-12-2020
Mathematics

contestada

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

Respuesta :

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01-12-2020

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

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