castrol3525 castrol3525

24-01-2021
Mathematics

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Jose deposits $2,500 in an account that earns 5% simple interest. How much is Jose's investment worth after 20 years

Respuesta :

Аноним Аноним

24-01-2021

Answer:

$5,000

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 5%/100 = 0.05 per year.

Solving our equation:

A = 2500(1 + (0.05 × 20)) = 5000

A = $5,000.00

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