Question

Savannah has $92,637 in a savings account that earns 9% annually. The interest is not compounded. How much interest will she earn in 5 years​

Answer 1

$41686.65

Explanation:

Given data

Principal = $92,637

Rate= 9%

Time= 5 years

The simple interest expression is given as

SI= PRT/100

Substitute

SI= 92637*9*5/100

SI= 4168665/100

SI=$41686.65

Hence the interest is $41686.65