Answered

Find expert answers and community insights on IDNLearn.com. Get accurate and comprehensive answers from our network of experienced professionals.

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

Sagot :

Rogelioespaillat1idn

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

Lmei92234idn
Answer: $125 interest
Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! Thank you for choosing IDNLearn.com for your queries. We’re here to provide accurate answers, so visit us again soon.