Question

Marisol deposits $5,000 in a savings account earning 5.75% simple interest per year.

How much interest will Marisol earn for a period of 5 years?

help please

Answer 1

$7,875

Explanation:

5.75% of 5000 = 287.5

287.5 x 10 = 2875

5000 + 2875 = 7875

Answer 2

7,875 dollars is how much Marisol will earn for a period of 5 years.

Notes:

Hi! Thanks for letting me answer your question, if I am wrong please DM me and I'd like to go over the question once again and correct myself.