Register

Nicole deposits $5000 into an account that pays simple interest at a rate of 5% per year. How much interest will she be paid in the first 3 years?

Nicole deposits $5000 into an account that pays simple interest at a rate of 5% per year. How much interest will she be paid in the first 3 years?
123k views
2 votes
Nicole deposits $5000 into an account that pays simple interest at a rate of 5% per year. How much interest will she be paid in the first 3 years?

User Phate
by
7.6k points

1 Answer

2 votes
$750 is the interest amount that she would get from the 3 year term
User IBrianCox
by
8.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

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
Link Copied!