Register

Edward deposited $5,000 into a savings account 3 years ago. The simple interest rate is 4%. How much money did Edward earn in interest?

Edward deposited $5,000 into a savings account 3 years ago. The simple interest rate is 4%. How much money did Edward earn in interest?
asked 232k views
22 votes
Edward deposited $5,000 into a savings account 3 years ago. The simple interest rate is 4%. How

much money did Edward earn in interest?

asked
User JC Borlagdan
by
8.0k points

1 Answer

7 votes

Answer:

si = prt/100

so si = 5000x3x4/100

si = 50x3x4

which is 600

so he earned 600$ in interest

answered
User Matthaus Woolard
by
7.7k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!