Ask Question
25 December, 05:42

Kelly plans to put her graduation money into an account and leave it there for 4 years while she goes to college. she recieves $750 in graduation money that she deposits into an account that earns 4.25% simple interest. which of the following represents how much will be in Kellys account by the end of four years if she makes no other deposits or withdrawals into the account

A-127.50

B-1087.50

C-877.50

D-337.50

+3
Answers (1)
  1. 25 December, 05:53
    0
    C) $877.50

    Step-by-step explanation:

    Time t = 4 years

    Principal, p = $750

    rate, r = 4.25% = 0.0425

    Amount that will be in her account in four years =

    Simple interest (prt/100) + principal

    750 * 4.25 * 4 / 100 + 750

    127.5 + 750

    = $877.50
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Kelly plans to put her graduation money into an account and leave it there for 4 years while she goes to college. she recieves $750 in ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers