What is the amount of interest on a deposit of $750 at an annual simple interest rate of 6% at the end of 5 years?

Question

asked Feb 22, 2021 65.0k views

1 Answer

Pkmiec · Answer 1 · 2021-03-01T02:47:09+0000

Answer: $253

Step-by-step explanation:At the end of 5 years, your savings will have grown to $1,003.

You will have earned in $253 in interest.