punani
30.10.2020 •
Mathematics
At the Town Savings Bank, a new customer earns $2,950 in simple interest on a $5,000 deposit over the first 10 years. What rate of interest does that bank pay?
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Ответ:
9514 1404 393
5.9%
Step-by-step explanation:
The interest rate formula is useful:
I = Prt . . . . interest on amount P at rate r for t years
2950 = 5000·r·10
r = 2950/50000 = 0.059 = 5.9%
The bank pays 5.9% interest.
Ответ:
about 195k every year and in 10 years you'll have about 97,500 it's a long term investment.
Step-by-step explanation: