A bank is offering 2.5% simple interest on savings account if you deposit $5000 how much interest will you are in one year

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asked Feb 2, 2018 32.7k views

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Lurks · Answer 1 · 2018-02-07T11:34:37+0000

5000 times 2.5% = 125.
If you are getting that from having your money in the bank, you add 125 to 5000
= 5125
If you are losing money, you'd subtract it
5000 -125
= 4875

A bank is offering 2.5% simple interest on savings account if you deposit $5000 how much interest will you are in one year

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