Question

plz help :)



As incentive for Gretchen to save the $2,500 she recently inherited, her parents tell her that they will pay her 10% simple annual interest on the amount that she saves. How much money will Gretchen have after 5 years if she saves all of the money she inherited?

A.$2,640

B. $2,955

C. $3,056

D.$ 3,750

Answer 1

D

Answer 2

thanks can u sho me how to get the answer?

Answer 3

10% * 5 = 50%
50% of 2,500 =1,250
2,500 + 1,250 = 3,750

Answer 4

thanks! :D

Answer 5

anytime