monica7093
monica7093 monica7093
  • 23-05-2021
  • Mathematics
contestada

Help!! If anyone could help, I’ll give Brainly! :) thank you so much

Help If anyone could help Ill give Brainly thank you so much class=

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 23-05-2021

9514 1404 393

Answer:

  $50

Step-by-step explanation:

The compounding period is 1 year, and the period of concern is 1 year. This means the simple interest formula will tell the answer to the question.

  I = Prt

  I = ($5000)(0.01)(1) . . . . . r = annual rate; t = years

  I = $50

The interest earned in the account is $50.

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