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Charlie deposits $5,000 at his local bank and receives a 10% simple interest rate. How much interest will Charlie have after 5 years?

Charlie deposits $5,000 at his local bank and receives a 10% simple interest rate. How much interest will Charlie have after 5 years?
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Charlie deposits $5,000 at his local bank and receives a 10% simple interest rate. How

much interest will Charlie have after 5 years?

asked
User Nids
by
8.3k points

1 Answer

3 votes

Answer:

it is 11 years

Explanation:

Hope it helps u

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answered
User Sallyhornet
by
7.1k points
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