Answer:
Simple interest
calculate the periodic interest rate:
periodic interest rate×number of periods
interest rate cancels 1,5%
periodic interest rate: 0.015/12=0.00125
interest is calculated after 5 years
i = 2500×0.00125×60=$187.5
(5 years = 60 months)
how much money will be in the account after 5nyears : 2500+187,5=$2687.5
Explanation: