Question

You invest $1000 in an account at 2.5% per year simple interest. How much will you have in the account after 3 years? Round your answer to the nearest whole dollar.

Answer 1

A: $3250 B: $1075 C: $1088 D: $1163 it has to be one of those but ill let u do the work and find the closest answer tht will get u to one of these and youll know which one it is.

Answer 2

Simple interest formula: A = P(1+r)*t

Where P is the initial amount (1000), r is the interest rate as a decimal (0.025) and t is time (3 yrs). Plug in and evaluate A.