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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

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
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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

User Kevinw
by
8.5k points

1 Answer

12 votes

Answer:

A = 2500 + 2500 · 0.06 · 4 = 3100

Explanation:

User Moaz H
by
8.6k points
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