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A bank is offering 2.5% simple interest on a savings account. If you deposit $5000, how much interest will you earn in 5 years? Responses $825 $625 $457 $345

A bank is offering 2.5% simple interest on a savings account. If you deposit $5000, how much interest will you earn in 5 years? Responses $825 $625 $457 $345
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3 votes
A bank is offering 2.5% simple interest on a savings account. If you deposit $5000, how much interest will you earn in 5 years?

Responses


$825


$625

$457


$345

asked
User Bep
by
8.3k points

1 Answer

6 votes

Answer:

The answer is B. $625.

Explanation:

$5000 × 2.5% = $125

$125 × 5 years = $625

answered
User Rahpuser
by
8.2k points
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