You invest $2000 in an account at 4.5% per year simple interest. how much will you have in the account at the beginning of the 8th year? round your answer to the nearest whole dollar. a. $2560 b. $2640 c. $2720 d. $2630

D. $2630

Step-by-step explanation:

Given,

The principal amount, P = $ 2000,

Annual rate of interest, r = 4.5 % ,

Thus, the interest for 7 years,

Hence, the amount after 7 years or at the beginning of the 8th year is,

Option 'D' is correct.

0.6, 3/5, and 6% are the 3 same portion.

but, when they're all changed to a decimal they would equal to 0.6.

hope this , good luck!