Question

A bank is offering 2.5% simple interest on a savings account. If you deposit $5000, how much interest will you earn in 4 years?

• $50,000
• $500
• $125
• $12,500

Answer 1

Answer: the answer is c.$500 hope that helps !

Step-by-step explanation: I took the test

Answer 2

`\large \blue{ \large\tt{C ) \$500}}`

_____________

`\:`

Given:-

• 
  `\rm{Principal= \bold {5000}}`

• 
  `\rm{Time= \bold 4}`

• 
  `\rm{Intrest Rate= \bold { 2.5}}`

`\:`

By using formula:-

`\boxed{ \rm{ \pink{Simple \: interest= (Principal × Time × Rate)/(100)}}}`

`\:`

Solution:-

• 
  `\rm{SI = (PTR)/(100) }`

`\:`

• 
  `\rm{SI= \frac{50 \cancel{00}×4×2.5}{1 \cancel{00}} }`

`\:`

• 
  `\rm{SI=50×4×2.5}`

`\:`

• 
  `\underline{\boxed{ \rm{ \red{SI= 500}}}}`

`\:`

hope it helps!:)