Simple interest: interest is calculated on the original amount you invest (the 'principal' amount) over the entire term of the investment (the length of time over which the money is invested). \( I=P \times R \times T \) \( I= \) interest earned \( P= \) principal amount invested \( R= \) interest rate (as a decimal) \( T= \) time (period of the investment) Danielle wishes to invest her small business earnings of \( \$ 9800 \) in a simple interest account for 5 years. She is offered an interest rate of \( 7.05 \% \) per year. How much will her investment be worth in total after 5 years? (A) \( \$ 13254.50 \) (B) \( \$ 3454.50 \) (C) \( \$ 13475 \) (D) \( \$ 10490.90 \)
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