elinty08
contestada

1)
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 :

janehoang2012

Answer:

$125 is the interest that you might earn
  • Principal=P=5000
  • Rate of interest=R=2.5%
  • Time=t=1year
  • Interest=I

[tex]\\ \sf\longmapsto I=\dfrac{PRT}{100}[/tex]

[tex]\\ \sf\longmapsto I=\dfrac{5000(2.5)(1)}{100}[/tex]

[tex]\\ \sf\longmapsto I=\dfrac{12500}{100}[/tex]

[tex]\\ \sf\longmapsto I=\$ 100[/tex]

ACCESS MORE
ACCESS MORE
ACCESS MORE
ACCESS MORE

Otras preguntas