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sveta [45]
3 years ago
12

You deposit $750 in an account that earns 7.5% simple interest. How much will be in the account after 5 years?

Mathematics
2 answers:
notka56 [123]3 years ago
6 0

Answer:

$1,031.25 will be in the account

Anni [7]3 years ago
5 0

Answer:

$1031.25.

Step-by-step explanation:

The formula for simple interest is

I = PRT/100 so substituting:

I = 750 * 7.5 * 5 / 100

Interest I =  $281.25.

Amount in account =  750 + 281.25

=  $1031.25.

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