Question

Marsha will deposit $5,000 into an account for 10 years. What is the interest earned for 5%?

Answer 1

$2,500

Explanation:

I = Prt

Given:

P = 5000

r = 0.05

t = 10

Work:

I = Prt

I = (5000)(0.05)(10)

I = 250(10)

I = 2500