Answer:
$2125 interest accumulated at the end of 10 years .
Step-by-step explanation:
Formula
[tex]Simple\ inerest = \frac{Principle\times Rate\times Time}{100}[/tex]
As given
An investor puts $2,500 into a life insurance policy that pays 8.5% simple annual interest.
Principle = $2500
Rate = 8.5 %
Time = 10 years
Putting all the values in the formula
[tex]Simple\ inerest = \frac{2500\times 8.5\times 10}{100}[/tex]
[tex]Simple\ inerest = 25\times 8.5\times 10[/tex]
Simple interest = $ 2125
Therefore the $2125 interest accumulated at the end of 10 years .
Answer: I just took the test so the answer would be $2,125.00
Step-by-step explanation: hope this helped thx for the points :D
