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You're about to start a savings account using simple interest. If you place $5,000 in the savings account, with .25% interest rate, and you plan to let it grow for 25 years…

You're about to start a savings account using simple interest. If you place $5,000 in the savings account, with .25% interest rate, and you plan to let it grow for 25 years…
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You're about to start a savings account using simple interest. If you place $5,000 in the savings account, with .25% interest rate, and you plan to let it grow for 25 years, what interest would you earn?

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User Sergei Guk
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8.3k points

1 Answer

4 votes
This is the answer I used a calculator $31,250
answered
User Vallo
by
9.0k points
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