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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 one year?

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

User Logan Lee
by
7.5k points

1 Answer

6 votes

Answer:

5000× 2.5 = 12500

12500÷100 = 125

Answer $125

User Gkmohit
by
7.6k points
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