Register
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?
156k views
1 vote
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?

User Samera
by
7.1k points

1 Answer

4 votes

Answer:

Interest = Principal x rate x time

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

Explanation:

User Chan Le
by
6.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.7m questions

10.4m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!