savings account pays simple interest at 6% annually. If the account starts with $5000, how much will the account be worth after 25 ears? O $12,500 O $5,325 O $5025

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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A savings account pays simple interest at 6% annually. If the account starts with $5000, how much will the account be worth after 25
years?
O $12,500
O $5,325
O $5025
O $21,459
O $7,500
Transcribed Image Text:A savings account pays simple interest at 6% annually. If the account starts with $5000, how much will the account be worth after 25 years? O $12,500 O $5,325 O $5025 O $21,459 O $7,500
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