Question

1. 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?
2 To buy a car. Jessica borrowed $15.000 for 3 veare at an annualnim lain-

Answer 1

1: $125

Explanation:

to calculate percentages, you would change 2.5% to it's decimal equal which is .025

Multiply the total deposited by the decimal value so 5000*.025 which is 125