you invest 300$ in an account at 7.5% per year simple interest. how much will you have in the account in ten years.

A.375$

b 575$

c601$

d 525$

Simple interest means there is no compounding. Therefore you would earn 10 x 7.5 = 75% in 10 years and the correct answer is d) or $525.

d

you invest 300$ in an account at 7.5% per year simple interest. how much will you have in the account in ten years.

A.375$

b 575$

c601$

d 525$