Register

Chari deposits $5,000 in a savings account earning 5.75% simple interest per year. Part B How much money will be in Chari's account after 10 years?​

Chari deposits $5,000 in a savings account earning 5.75% simple interest per year. Part B How much money will be in Chari's account after 10 years?​
asked 90.9k views
3 votes
Chari deposits $5,000 in a savings account earning 5.75% simple interest per year. Part B How much money will be in Chari's account after 10 years?​

asked
User Vanessa
by
8.2k points

1 Answer

6 votes

Answer:

$7,875

Explanation:

5.75% of 5000 = 287.5

287.5 x 10 = 2875

5000 + 2875 = 7875

answered
User Lua
by
8.1k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!