You invest $275.00 in a money-market account that pays simple interest at a rate of 10%. How long must you leave your investment in the money-market account if you expect to earn $27.50 in interest?
a. 0.01 months
b. 1 years
c. 2 years
d. 1 months

Question

You invest $275.00 in a money-market account that pays simple interest at a rate of 10%. How long must you leave your investment in the money-market account if you expect to earn $27.50 in interest?
a. 0.01 months 
b. 1 years 
c. 2 years 
 d. 1 months

anonymous · Answer

@tester97 @greenlegodude57 @LannaBoo24

anonymous · Answer

The answer is either B or D..

anonymous · Answer

Because 10% of 275.00 is 27.50. But it doesn't say how long the interest rate is..

anonymous · Answer

I would say B, though..

tester97 · Answer

i think its d because interest rates usually go by months...

tester97 · Answer

actually never mind its B because i just did the math $$275\times 0.1=27.50$$ so there you go the answer is definitely B