Cortez invests $2500 at a rate of 7.5% what will her balance be at the end of three years?

Given:

Cortez invests $2500 at a rate of 7.5%.

To find:

Her balance at the end of three years.

Solution:

Formula for amount:

where, P is principal, r is rate of interest and t is time in years.

Putting P=2500, r=7.5 and t=3, we get

Therefore, her balance at the end of three years will be $3105.74.

Note: All options are incorrect.

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step-by-step explanation:

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