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A bank is offering 3% simple interest on a savings account. If you deposit $5000 , how much interest will you earn in one year?

A bank is offering 3% simple interest on a savings account. If you deposit $5000 , how much interest will you earn in one year?
asked 15.7k views
16 votes
A bank is offering 3% simple interest on a savings account. If you deposit $5000 , how much interest will you earn in one year?

asked
User Arian Faurtosh
by
9.1k points

1 Answer

2 votes

Answer:

It might be $5000 x .025 x 1 = $125

Explanation:

Sorry if its wrong

answered
User Jaydeep Rajput
by
8.5k points
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