AIR MATH

Math Question

You invest \( \$ 1000 \) in an account at \( 2.5 \% \) per year simple interest. How much will you have in the account at the beginning of the 4th year? Round your answer to the nearest whole dollar.
A. \( \$ 3250 \)
B. \( \$ 1088 \)
C. \( \$ 1075 \)
D. \( \$ 1163 \)

Solution

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