Principal:=$500 interest rate=5% Time=5 years What is the interest earned

Satheesh Cheveri asked Aug 22, 2023

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38 votes

Principal:=$500

interest rate=5%

Time=5 years

What is the interest earned

Satheesh Cheveri asked Aug 22, 2023

3.0k points

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13 votes

Answer:

$125

Explanation:

I = Prt

I = ($500)(.05)(5) = $2,500(.05) = $125

Simon Sot answered Aug 27, 2023

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