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

Question

Revolt · Accepted Answer

The 5th year total value is 562 point 5 0 dollars and the 6th year total value is 575 dollars.

Personal Savings and Consumer Credit: Part Two — Test

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

Explanation

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