Question

$1,250 at 5% simple interst for 2 years

Answer 1

After two years, there will be a total of $1,375 paid and $125 paid in interest.

Explanation:

Since, 5 x 2 = 10, first we should find 10% of $1,250.

1,250 x 0.10 = 125

$1,250 + $125 = $1375

Therefore, after two years, there will be a total of $1,375 paid and $125 paid in interest.

Hope this helps! :D

Answer 2

2625

Explanation:

Simple Interest Formula

P*R*T

1250*1.05*2=2625