Register
Edward deposited $5,500 into a savings account 5 years ago. The simple interest rate is 5%. How much money did Edward earn in interest? I really need help♡︎!
18.5k views
24 votes
Edward deposited $5,500 into a savings account 5 years ago. The simple interest rate is 5%. How much money did Edward earn in interest?

I really need help♡︎!

User Maxrodrigo
by
8.1k points

1 Answer

2 votes

Answer:

$1375 in interest and $6875 total.

Explanation:

User Mukul Gupta
by
7.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.3m questions

12.0m 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?
Write words to match the expression. 24- ( 6+3)
Link Copied!