25. If Al put $550 into his savings account at the bank. The bank gives 2.5% simple interest on all savings accounts. Al leaves his $550 in the bank for 8 years. Using “M” for the total amount that will be in the bank at the end of 8 years, translate this problem into an algebraic equation.
A. M = 550(.025)(8)
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B. M = 550 + 550(.025)(8) |
C. M = 550 + 2.5(8)
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D. M = 550 - 550(.025)(8) |