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Nikita invest 2000 into a bank account with a 4% annual interest rate. In seven years which is the most expensive item she can afford to buy
a) 2,700.
B) 2,500
c) 2,200
D) 3,000

Respuesta :

Answer:

The correct option will be:  B) 2,500

Step-by-step explanation:

Nikita invest 2000 into a bank account with a 4% annual interest rate.

So, the amount of interest in one year will be:  [tex](2000*0.04)= 80[/tex]

and the amount of interest in 7 years will be: [tex](80*7)=560[/tex]

Thus, the total money in her account after 7 years [tex]=(2000+560)=2560[/tex]

So, the most expensive item she can afford to buy will be:  2500

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Answer:

The answer is (a mountain bike priced at $2,500) In Plato

Step-by-step explanation:

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