silviocoto19school silviocoto19school

04-02-2022
Mathematics

contestada

(Givng Good Points!)
Mark deopsits $500 into a bank account. He gets a 3% interest rate. How much money will Mark earn in interest over 5 years?

$150
$750
$75
$10

Respuesta :

musiclover10045 musiclover10045

04-02-2022

Simple interest formula :

total = starting amount x (1 + ( interest rate x time))

total = 500 x (1 + (.03 x5))

Total = 575

Interest = 575-500 = 75

answer: $75

Answer Link

Otras preguntas

How to translate equation into a sentence. 7(p+23)=102

The sum of three numbers is 64. The second number is 3 more than the first. The third number is 11 less than twice the first. Find the numbers.

TRUE or FALSE does 16/6 - 2/9 = 2 4/9?

Dave earns $150 per week plus 3.8% commission.he sold $4175.68 in the month of February. What is his gross monthly earning for february?

Which rational number is greater? — 0.76 or 0.76? And why?

What does your text mean when it says that the Constitution, "...elevated the ideals of the Revolution even while setting boundaries to them."?

How many rolls can you make with 5 2/3 cups of flour?

Who was John Howe ( American revolutionary war) and why did he matter to our history?

help me please 1-6 I've been having a hard time with these

whats the answer to: 11x/18