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Jett decides to invest $5000 in his savings account. The account has an interest rate of 5%. How much interest does Jett have after 5 years?
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11 votes
Jett decides to invest $5000 in his savings account. The account has an interest rate of 5%. How much interest does Jett have after 5 years?

User Erika
by
6.5k points

1 Answer

10 votes

Answer:

$1,250

Explanation:

use the I = Prt simple interest formula

Jett decides to invest $5000 in his savings account. The account has an interest rate-example-1
User JustAGuy
by
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