deaishaajennings123
11.10.2020 •
Mathematics
You put $4,000 in a savings account. The account earns 5.25% simple interest per year. What is the total balance after 5 years?
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Ответ:
$5,050.00
Step-by-step explanation:
Principal: $4,000
rate: .0525
time: 5 Years
Interest:
I = Principal * rate * time
I = $4,000 × 0.0525 × 5 = $1,050.00
Total balance:
Principal + Interest
$4,000 + $1,050.00 = $5,050.00
Ответ: