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OpenStudy (anonymous):
Brad deposits $2500 into his checking account with 5.25% simple interest. How much interest will he earn in 4 years? A. $525.00 B. $52,500.00 C. $131.25 D. $13,125.00
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OpenStudy (amistre64):
use the simple interest formula ...
OpenStudy (amistre64):
and a little bit of logical thinking could eliminate 2 options right off the bat ...
OpenStudy (anonymous):
@amistre64 A. $525.00?
OpenStudy (amistre64):
Yes, my thoughts are: 4 years is about 20% 250+250 = 500 so a little bit more is fine.
OpenStudy (anonymous):
Thanks!
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OpenStudy (amistre64):
youre welcome
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