Each year on the same day, Susan deposits $175 into a saving account that earns simple interest at a rate of 3.5%. She makes no withdrawals. How much interest does Susan's account earns after 5 years?EXPLAIN SHOW YOUR WORK A. $18.38 B. $30.65 C. $61.25 D. $91.89 PLZ EXPLAIN I NEED TO UNDERSTAND I HAVE OTHER SIMILAR QUESTIONS SO I NEED TO KNOW HOW TO DO IT THANKS!
1 answer:
The amount after time t will be given by simple interest formula given by: A=prt/100 where: principle,p=$175 rate, r=3.5% time, t=5 years thus the rate earned after 5 years will be: A=(175*3.5/100*5) A=$30.625 Answer: B] 30.65
You might be interested in
Answer:
155answer.
Step-by-step explanation:
25 is 80 and thaths why its 157
To find the percent, divide 9 by 27 to get a decimal, then multiply the decimal by 100 to get the percent:
9 / 27 = 0.333
0.333 x 100 = 33.3%
the answer for 1 2 and 3 is a c d
Answer:
Step-by-step explanation:
1,603,199.99952 thats your answer