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10 votes
10 votes
$2,275 is deposited into an account that earns 4% simple interest for 5 years. What is the amount of extra money earned over this period?

Can anyone solve this?

User Arita
by
2.4k points

2 Answers

8 votes
8 votes
It would be 455 hope this helps!
User MKer
by
2.9k points
21 votes
21 votes

Answer:

455

Explanation:

455×10²

P:$2,275

R:4%

T:5

P:$2,275

subtitle:R: 4%into formula

T:5

5×2275×0.04

5×(2275×0.04)

5×91

answer:455

User Joerage
by
2.8k points
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