A bank is offering 2.5% simple interest on a savings account. If you deposit $5000, how much interest will you earn in 4 years? Multiple questions $500 $12,500 $50,000 $125

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Apr 16, 2023 57.4k views

13 votes

A bank is offering 2.5% simple interest on a savings account. If you deposit $5000, how much interest will you earn in 4 years?

Multiple questions

$500

$12,500

$50,000

$125

Mathematics
high-school

Kevinw asked

by Kevinw

6.4k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

12 votes

Answer:

A = 2500 + 2500 · 0.06 · 4 = 3100

Explanation:

Moaz H answered Apr 21, 2023

by Moaz H

6.3k 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.

6.5m questions

8.6m 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