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What interest would you earn if you deposited $4,300 in the bank at 5% interest for 10 years? Please explain!!!!!
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4 votes
What interest would you earn if you deposited $4,300 in the bank at 5% interest for 10 years? Please explain!!!!!

User Zebra Propulsion Lab
by
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1 Answer

2 votes

Using formula for simple interest PxTxR/100

Principal: $4300

Time: 10 years

Rate: 5%

4300*10*5/100

$2150

User Sribin
by
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