lethycialee1908 lethycialee1908
  • 24-02-2021
  • Mathematics
contestada

Deshaun deposits 500 into an account with an interest rate of 5 percent how much intrest sill he be paid in 4 years?

Respuesta :

samuelonum1
samuelonum1 samuelonum1
  • 26-02-2021

Answer:

$100

Step-by-step explanation:

Given data

Principal = 500

Interest= 5%

Time = 4years

Applying the simple interest expression

SI= PRT/100

substitute

SI= 500*5*4/100

SI= 10000/100

SI= 100

Hence the interest after 4 years is $100

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