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Frank invest $500 at a simple interest rate of 3%. How much interest will earn after 5 years

Frank invest $500 at a simple interest rate of 3%. How much interest will earn after 5 years
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1 vote
Frank invest $500 at a simple interest rate of 3%. How much interest will earn after 5 years

User MiVoth
by
7.9k points

2 Answers

3 votes
3% is .03 so
$500×.03×5=$75
User Kevink
by
7.5k points
2 votes
He will earn 75 dollars


User Ian Dunn
by
7.1k points
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