Question

GIVING OUT BRAINLIEST ANSWER!!!!!

Emily deposits $14,500 each year into a retirement account with a 7% simple interest rate. If she deposits the same amount each year, how much money will she have at the end of her fourth year?

A) $17,545

B) $48,045

C) $64,090

D) $75,780

Answer 1

Answer:

The answer is C.

Reasoning:

Since she deposits 14,500 a year for four years, it's 58,000 without any interest rate. This automatically rules out A and B. Since it's a 7% simple interest rate, it would be C, since D would be much too high for it.

Hopefully this helps! :)

Answer 2

Answer:

The answer is C $64,090

Step-by-step explanation:

you need to use A=P+I to determine the total amount earned on each year's investment.