jeremynoel22345 jeremynoel22345

29-08-2017
Mathematics

contestada

If you deposit $100 in a savings account that earns simple interest at a rate of 1.5% per year how much interest will you have earned after five years

Respuesta :

dpokharnaotzjgn dpokharnaotzjgn

29-08-2017

Equation: L=P*R*T

P=100
R=1.5%=0.015
T=5

Multiply and you get 7.5 as the interest.

Answer Link

blaircarter blaircarter

29-08-2017

$100 × 1.5 = $150

$150 × 5 = $750

Answer Link

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