Question

Molly invested $25,000 in an account that pays 3% annual simple interest. Molly will not make any
additional deposits or withdrawals. How much interest will Molly earn on her investment at the end
of 4 years?

Answer 1

Answer:

$28000

Step-by-step explanation:

• 25000(0.03)
• =750
• 750(4 years)
• =3000
• 3000+25000
• =28000

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