Ellie has $30 in a savings account that earns 7% interest. How much will she have in total in 5 years? A.$10.50 B.$1050 C. $40.50 D. $32.50

Question

asked Jul 26, 2017 62.0k views

1 Answer

← Prev Question Next Question →

Ask a Question

Patrick Fromberg · Answer 1 · 2017-08-02T10:03:48+0000

Assuming simple interest.

Simple Interest = PRT/100

Simple Interest = 30 * 7 * 5 /100 = 10.50

Simple Interest = $10.50

Amount = Principal + Interest = $30 + $10.50 = $40.50

(C)

Ellie has $30 in a savings account that earns 7% interest. How much will she have in total in 5 years? A.$10.50 B.$1050 C. $40.50 D. $32.50

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions