Question

3. Henry's banks said they will putin 20% interest annually if he keeps at least $5,000 in his savings account. How much money. in interest will the bank put in Henry's

All changes saved
account?
STO
$10,000
O $100
$1,000

Answer 1

Hey there!

Option answer: $1,000

Calculate the percentage

=> 5000 × 20/100

=> 5000/1 × 20/100

=> 50/1 × 20/1

=> 1000/1

=> 1000

Therefore, 20% of $5000 is $1000