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Mathematics, 05.05.2020 22:22 shibble21

Eric invested $20,500 in an account that earns 1% simple interest. He will make no more deposits or withdrawals.

How much interest will Eric earn at the end of 15 years?

a

$17,425.00

b

$3,075.00

c

$23,575.00

d

$30,750.00

what will Eric's account balance be at the end of 15 years?

a

$3,075.00

b

$30,750.00

c

$17,425.00

d

$23,575.00

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Answers: 1

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