Answer:
$2800
Explanation:
The formula for simple interest is
[tex]A=P(1+rt)[/tex]
where
P = principle amount
r = interest rate /100
t = time period
Now, in our case
P = 2500
r = 4/100
t = 3years
Putting in the above value in the formula gives
[tex]A=2500(1+\frac{4}{100}\times3)[/tex][tex]A=\$2800[/tex]
which is our answer!
Hence, after 3 years you will have 2800 from your investment.
