Thank you for visiting After several years of working Katy has saved 125 000 If she invests that 125 000 in a savings fund that adds 4 each year. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Answer:
(B) $200,000
Step-by-step explanation:
The value of the simple interest account can be found using the formula ...
A = P(1 +rt) . . . . . where P is the principal invested at rate r for t years
__
Using the given values, we find the value of the account to be ...
A = $125,000(1 +0.04×15) = $125,000(1.6)
A = $200,000
Katie's savings will be worth $200,000 after 15 years.
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Rewritten by : Jeany
