Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gerold invested $117 in an account that pays 5 percent simple interest. How much money will he have at the end of 7 years? $152.10

Gerold invested $117 in an account that pays 5 percent simple interest. How much money will he have at the end of 7 years?

$152.10$145.08$150.05$157.95$164.27

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Investments, Valuation and Management

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

8th edition

1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697

More Books

Students also viewed these Finance questions

Question

What is the difference between emergency work and public work?

Answered: 1 week ago