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 :

20-03-2015

I = prt

I = (500)(0.04)(5)

Multiply:

I = 100

So the total interest is $100

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