In order to help her save money for college, Latasha's grandparents deposited $10,000 into a savings account five years ago. Latasha has not made any withdrawals or deposits since then. The interest rate on the savings account is 3.75% each year.
Using simple interest, how much interest has accrued in Latasha's savings account?
What is the total amount in Latasha's savings account?
Total Interest = $_____
Total Amount = $_____
Answers
Answered by
3
Answer:
this is your ans in top ok byby
Attachments:
Answered by
1
Answer:principal(p)=10000
time(t)=5 years
rate(r)=3.75percent
now,
interest(I)=p×t×r/100
=10000×5×3.75÷100
=1875
again,amount(a)=p+i
=10000+1875
=11875
Similar questions