Respuesta :
Answer:
2500 x 3.5 = 8750
8750 x 5 = 43750
2500 + 43750 = $46,250
Step-by-step explanation:
Noah's account would be worth $2937.50.
The amount Noah's account would be worth in 5 years is the sum of the amount invested and the simple interest earned.
Simple interest is when the interest rate is earned on only the amount invested.
The formula for determining simple interest is: principal x time x rate
$2500 x 3.5% x 5
$2500 x 0.035 x 5 = $437.50
Worth of the account = $437.50 + $3500 = $2937.50
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