Math  /  Word Problems

QuestionYou deposit \$300 at 7.5% simple interest. What's the amount at the start of year 11? A. \$601 B. \$575 C. \$375 D. \$525

Studdy Solution
Calculate the total amount in the account at the beginning of the11th year.
A(11)=300+225=$525A(11) =300 +225 = \$525So, the amount in the account at the beginning of the11th year will be \$525. The correct answer is D. \$525.

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