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25000 at 2% for 4 years

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The simple interest formula is: A = P(1 + rt) where P is the original amount of money to be invested at an Interest Rate r% per period for t number of time periods and A is the end balance.

 

A = 25000(1+(0.02)(4))

A = 25000(1+0.08)

A = 25000(1.08)

25000(1.08) = 27000

 

So, your ending balance would be $27,000.

AdamTaurus  Nov 2, 2017

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