QUESTION 23 You have $3500 that you invest at 4% simple interest. What is the balance after five years? OA. $7000 OB. $4200 O C. $420 O D. $700

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Systems Of Equations And Inequalities
Section: Chapter Questions
Problem 19T: A total of $50,000 is invested in two funds that pay 4 and 5.5 simple interest. The yearly interest...
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QUESTION 23
You have $3500 that you invest at 4% simple interest. What is the balance after five years?
OA. $7000
OB. $4200
OC. $420
O D. $700
Transcribed Image Text:QUESTION 23 You have $3500 that you invest at 4% simple interest. What is the balance after five years? OA. $7000 OB. $4200 OC. $420 O D. $700
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