Johntanaufmef Johntanaufmef

16-10-2020
Mathematics

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Elizabeth’s aunt started a college savings account for her with $6,000. What is the balance of the account after 5 years if the simple interest rate is 2.5%

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irinatuseeva7 irinatuseeva7

16-10-2020

Answer:

6750

Step-by-step explanation:

[tex]FV=PV*(1+k*n)=6000*(1+0.025*5)=6750[/tex]

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