HELPPPP
You invest $2700 in an account at 1.5% per year simple interest. The equation
that represents this scenario is:
A(n) = 2700 + (n - 1)(0.015. 2700)
How much will you have in the account in year 5? Round your answer to the
nearest dollar.
Second option. 1.5% of 2,700 is 40.5. Multiply that by 5 and you get 202.5 add that to 2,700 and you get 2,902.5. Round that and you get 2,903. Hence, the second option is correct.
