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mocio0bshsj mocio0bshsj
  • 27-02-2017
  • Mathematics
Answered

A principal of $950 is invested in an account at 7% per year simple interest. What is the account total after 5 years?

A$1332.42
B$1316.27
C$1256.50
D$1282.50

Verified Answer :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 28-02-2017

I=950×0.07×5
=332.5
A=950+332.5=1,282.5

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