Question

You deposit $200 in a savings account that pays a simple interest rate of 3.25% per year. How much interest will you earn after 5 years?

please help <3

Answer 1

Answer:

$232.50 I think

Step-by-step explanation:

A = 200(1 + (0.0325 × 5)) = 232.5

A = $232.50    hopefully this is helpful I found a Simple Interest Calculator

and entered the numbers in and it came out to this so next time just look Simple Interest Calculator if your having trouble :>

Answer 2

Answer:

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Step-by-step explanation:

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