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

What do you think was the most serious problem faced by settlers in Virginia? Why?

what does the numerator tell us in fraction

Find the explicit formula that produces the given sequence. 3/2, 3/4, 3/8, 3/16,...

What does it mean when Brutus says: "Into what dangers would you lead me, Cassius... that you would have me seek into myself...for that which is not in me?

Is There Still Slavery in the World? Please help me :)

which point lies on the graph of the boundary line of the inequality 3y + 4x< 12

Does a scalene always have to have unequal sides?

Find the explicit formula that produces the given sequence. 3/2, 3/4, 3/8, 3/16,...

A registered nurse (RN) pays 5% simple interest on a $175,000 mortgage for the construction of a house. What is the yearly interest paid on the mortgage?

What is social Darwinism and how was it tied to imperialism?