Gemma invests $500 in a bond with a simple interest rate of 2.5% annually. Determine the missing values for the 5th and 6th year in the table. Year Principal ($) Interest Earned ($) Total Value ($) 5 500 62.5 5th year total value 6 500 75 6th year total value
Answer
A
The 5th year total value is 62 point 5 0 dollars and the 6th year total value is 575 dollars.
B
The 5th year total value is 537 point 5 0 dollars and the 6th year total value is 550 dollars.
C
The 5th year total value is 512 point 5 0 dollars and the 6th year total value is 525 dollars.
D
The 5th year total value is 562 point 5 0 dollars and the 6th year total value is 575 dollars.