Question:

You invest $1000 in an account at 2.5% per year simple

Last updated: 7/15/2022

You invest $1000 in an account at 2.5% per year simple

You invest $1000 in an account at 2.5% per year simple interest. How much will you have in the account at the beginning of the 4th year? Round your answer to the nearest whole dollar. A. $1163 B. $3250 C. $1088 D. $1075