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You wish to invest $500. You are going to earn 5% simple interest. How much interest will you earn?

You wish to invest $500. You are going to earn 5% simple interest. How much interest will you earn?
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4 votes
You wish to invest $500. You are going to earn 5% simple interest. How much interest will you earn?

User Sten L
by
7.9k points

2 Answers

2 votes

Answer:You would earn .05 x $500 or $25 over that time period.

Explanation:

User Ken Bonny
by
7.8k points
7 votes
You would earn .05 x $500 or $25 over that time period.
User Babacar Gningue
by
9.2k points
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