97.3k views
3 votes
Principal:=$500

interest rate=5%

Time=5 years

What is the interest earned

User Propeller
by
6.7k points

1 Answer

4 votes

Answer:

$125

Explanation:

I = Prt

I = ($500)(.05)(5) = $2,500(.05) = $125

User IArezki
by
6.8k points