If I have $1900 dollars in my savings and my bank pays 5 percent simple interest on savings what is the total amount of money I will have in my account after 5 years?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories

asked Aug 1, 2023 47.8k views

4 votes

If I have $1900 dollars in my savings and my bank pays 5 percent simple interest on savings what is the total amount of money I will have in my account after 5 years?

Mathematics
high-school

Seldridge asked

by Seldridge

7.6k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 votes

The interest on a savings or loan at a particular rate for a period of time is calculated as

Ganye answered Aug 4, 2023

by Ganye

7.4k points

0 Comments

Please log in or register to add a comment.

Ask a Question

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

8.5m questions

11.1m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions