larrymickry3 larrymickry3
  • 25-10-2021
  • Mathematics
contestada

You deposit $200 in a savings
account that pays a simple
interest rate of 3.25% per year.
How much interest will you earn
after 5 years?

Respuesta :

prahladkutty9
prahladkutty9 prahladkutty9
  • 25-10-2021

Answer:

$16.25

Step-by-step explanation:

First, you have to find 3.25*5 which is 16.25.

16.25 is the percent rate of your total interest over the course of 5 years.

In other words, you have to do 200*0.1625 which is 32.5.

So, your answer is $16.25.

Good luck!

Answer Link
mclynnhill mclynnhill
  • 25-10-2021
$16.25 I took the test
Answer Link

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