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3 years ago

Principle = $500

Mathematics

2 answers:

wariber [46]3 years ago

7 0

Answer: $125

Explanation: First begin with the interest formula which is below.

Interest = principal · rate · time

In this problem, we're solving for the interest.

The principal is the amount invested of $500.

The rate is 5% which we can write as .05.

The time is 5 years.

So we have I = (500)(.05)(5).

Now we multiply.

(500)(.05) is 25 and (25)(5) is 125.

This means that the interest earned is $125.

krok68 [10]3 years ago

7 0

Answer: $125

Step-by-step explanation:

Principal (P) = $500

Interest rate (R) = 5%

Time (T) = 5years

Interest (I) = (P x T x R) / 100

inputting the values

I = (500 x 5 x 5) / 100

I = 12500/100

I = $125

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