mcneiltameika mcneiltameika
  • 03-02-2022
  • 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 4 years?

50,000

$12,500

$125

$500

Respuesta :

rogelioespaillat1
rogelioespaillat1 rogelioespaillat1
  • 03-02-2022

Answer: $125 interest

Step-by-step explanation:

2.5/100=0.025 r=0.025

time 1 year t=1

p=5000 r=0.025 t=1

I=P*R*T

I=5000*0.025*1

I=125

Answer Link
lmei92234
lmei92234 lmei92234
  • 03-02-2022
Answer: $125 interest
Answer Link

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