angemoheno456 angemoheno456
  • 23-10-2020
  • Mathematics
contestada

Henry deposits $25,000 into a savings account at Big City Bank. The bank pays a 2.25% simple interest. How much money will be in Henry’s account after 5 years?

Respuesta :

Edanmaster
Edanmaster Edanmaster
  • 25-10-2020

Answer:

$27812.5

Step-by-step explanation:

2.25% = $562.5 each year

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