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Michael deposited $250 into a bank account that has a simple interest rate of 5%

Michael deposited $250 into a bank account that has a simple interest rate of 5%
asked 71.9k views
5 votes
Michael deposited $250 into a bank account that has a simple interest rate of 5%

asked
User Imelda
by
8.7k points

1 Answer

3 votes

Answer:$12.50 cents interest

Explanation:

5% of $250 is 12.5 or $12.50

answered
User Pratik Bhalodiya
by
8.5k points
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