Question

If you put $50,000 in the bank for 5 years at 10% interest, How much money would you have all together at the end of the 5 years?

$25,000
$12,000
$75,000
$10,000

Answer 1

25,000

Explanation:

50,000 x .1 = 5,000

5,000 x 5 = 25,000