Answered

Use the simple interest formula to find the ending balance.


$1025 at 6.5% for 5 years.


Round your answer to the nearest cent.


Enter your answer in the box.

$

Verified Answer :

$1025 * 0.06 * 5 

= 333.125
= 333.13

$1025 + $333.13 = $1,358.13

answer: ending balance $1,358.13

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