You open up a bank account with $5000. You leave it there, and the bank informs you they will add 5% annually in interest. How much money will you have earned in interest in 7 years? A. $1850 B.$175 C.

asked Jul 26, 2023 101k views

5 votes

by Haya

5.0k points

Please log in or register to add a comment.

2 votes

Answer:

Assuming that this is referring to simple interest, your answer is C) 1,750.

Explanation:

5000 x
0.05 =
250

250 x
=
1750

Quynh answered Jul 30, 2023

by Quynh

5.6k points

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

5.6m questions

7.3m answers