Seudónimo Seudónimo
  • 01-12-2016
  • Mathematics
contestada

A bank is offering 2.5% simple interest on a savings account. If you deposit $5000, how much interest will you earn in one year?

Respuesta :

zpupster zpupster
  • 01-12-2016
Simple Interest Formula
A = P(1 + rt)

where
A = amount
P= Principal
r=rate
t=time

Plugging in:
A = 5000(1 + (0.025 × 1))
Answer Link
zaniya1244
zaniya1244 zaniya1244
  • 09-12-2020

Answer:

125.00

Step-by-step explanation:

Answer Link

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