Question

2.) A bank is offering 2.5 percen

simple interest on a savings
account. If you deposit $5,000,
how much interest will you have
earned in one year?

Answer 1

c.Bank B for the car loan and Bank A for the savings account

Explanation:

ya welcome

Answer 2

$125

Explanation:

The simple interest earned is computed using the formula ...

I = Prt

where P is the principal invested, r is the annual rate, and t is the number of years.

Filling in the given values, we find ...

I = $5000(0.025)(1) = $125

The interest earned in one year is $125.