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

5.4k points

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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

5.7k points

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