Question

Suppose $1,000 is put into an account that pays simple interest at a rate of 3.5% annually. What is the
value of t if the money is deposited for 2 1/2 years?
A. 0.25
B. 1.5
C. 2.0
D. 2.5

Answer 1

Answer:

The value of t (time) is 2.5 years, and the correct answer is:

C. 2.0

Step-by-step explanation:

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