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Answer:
The answer is $1250
Step-by-step explanation:
Solution,
Principle (P) = $ 5,000
Time (T) = 5 years
Rate(R) = 5 %
Simple Interest (I) = ?
Now,
We have,
Simple Interest (I) = P×T×R/ 100
= 5,000×5×5/100
= $1250