Question

Sara puts $4,000 into an investment yielding 5% annual simple interest; she left the money in for five years. How much interest does Sara get at the end of those five years

Answer 1

Answer:

$ 1,000.00

Step-by-step explanation:

Principal = $4,000

Rate of Intrest = 5%

Time = 5 years

Simple Interest = P x R x T / 100

                         = 4,000 x 5 x 5 / 100

                         = $ 1,000

Sara would get $ 1,000 intrest at the end of those five years.

Answer 2

Given:

According to the question it is given that

Principal= $4000

Term= 5years

R= 5%

Find how much interest does Sara get at the end of those five years

Now formula of simple interest is

$SI=\frac{P\times T\times R}{100}$

$SI=\frac{4000\times5\times5}{100}$

SI=40 × 5 ×5

SI=1000

Hence 1000 interest at the end of five year