Class Officer Duties As class officers, one of the duties for you and your friends is to make sure your class has enough money for your five-year class reunion. You spend the year coming up with and holding various fund raisers. By the end of the year you have earned $1250 in profit. A local bank offers you an incredibly good interest rate of 8% in a certificate of deposit. The simple interest I earned by money P (called the principal) at an annual interest rater for t years is given by 1 = Prt. 1. Using the simple interest formula from above, find the amount of interest that you will have earned by your five-year reunion by depositing the profit into the certificate of deposit. (Hint: You have three years left of high school to earn interest, too.) Be sure to show all work when evaluating the expression: write the expression, substitute the known values, and simplify.
Answers
Answered by
0
Answer:
AS THERE IS ONLY 2 NUMBER
SO YOUR ANSWER IS 1250
Step-by-step explanation:
AS BECAUSE
1250×1=1250
Similar questions