Suppose you invest $2500 in an account that earns 7% simple interest annually.

Use this information to complete the table below. Round to the nearest cent as needed.

Year Starting Balance Interest Ending Balance
1 $2500 $175 $2675
2 $2675 $ $
3 $ $ $3025
4 $3025 $ $
5 $ $175 $

Question

14-06-2024
Mathematics

Answered

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Suppose you invest $2500 in an account that earns 7% simple interest annually.

Use this information to complete the table below. Round to the nearest cent as needed.

Year Starting Balance Interest Ending Balance
1 $2500 $175 $2675
2 $2675 $ $
3 $ $ $3025
4 $3025 $ $
5 $ $175 $

Sagot :

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