shamekkateart shamekkateart

04-12-2019
Mathematics

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if 5000 is deposited into an account earning simple interest at an annual interest rate of 4% for 3 years how much interest was earned?

Respuesta :

paulineyujie paulineyujie

27-09-2020

Answer:

5600

Step-by-step explanation:

equation: A = P(1 + rt)

where A=amount, P=principal, r= rate, t= time

A = 5000(1+0.04×3)

= 5600

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