angelcooper13
angelcooper13 angelcooper13
  • 20-03-2015
  • Mathematics
Answered


Marco deposited $500 in a savings account earning 4% interest over 5 years.

What was the total amount of interest earned at the end of 5 years?









A.
$40







B.
$50







C.
$100







D.
$200



Answer :

iGreen
iGreen iGreen
  • 20-03-2015
I = prt

I = (500)(0.04)(5)

Multiply:

I = 100

So the total interest is $100
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