PLEASE HELP ME WITH THIS Elijah started a college fund of $25,000 for a term of five years.The interest rate is 2.9 percent annually.How much interest will he have earned at the end of the term?

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asked Dec 7, 2021 156k views

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PLEASE HELP ME WITH THIS

Elijah started a college fund of $25,000 for a term of five years.The interest rate is 2.9 percent annually.How much interest will he have earned at the end of the term?

Mathematics
high-school

Samera asked

by Samera

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4 votes

Answer:

Interest = Principal x rate x time

I = 25000(.029)(5) = $3,625

Explanation:

Chan Le answered Dec 14, 2021

by Chan Le

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