An Account Was Opened with $1,000 Three Years Ago

question 270

Multiple Choice

An account was opened with $1,000 three years ago. Today, the account balance is $1,157.63. If the account earns simple interest, how long will it take until the account has earned a total of $225 in
Interest?

• A) Less than one more year.
• B) Between one and two more years.
• C) Between two and three more years.
• D) Between three and four more years.
• E) Between four and five more years.