Lanny goes to the bank and puts $4000 in a savings account. he earns a simple interest of 2.5%. if he leaves the money in the account for five years, what is the total amount in the account after the five years.

Step-by-step explanation:

The simple interest formula is

Where is the final amount, is the principal, is the rate of interest and is the time periods.

Replacing all given values, we have

Therefore, after 5 years, Lanny would have $4500 with a simple interest of 2.5%.

1. 34

2. 268

3. x=14.4

step-by-step explanation:

-6 is the correct option from the above given options