Question

Aaliyah has $82,845 in a savings account that earns 12% annually. The interest is not

compounded. How much interest will she earn in 5 years?

Answer 1

☆Answer :

$82,845 × 12% × 5

= $82,845 × 0.6

= $49,707

Answer 2

• $49707

Explanation:

Amount of 12% simple interest for 5 years on sum of $82845 is:

• $82845*5*(12/100) = $49707