You will use the formula to calculate simple interest for each period of time and then subtract the two amounts to find how much Ward will save.
I=prt
I = 20000 x 0.025 x 3
I = $1500 over 3 years
I = 20000 x 0.025 x 5
I = $2500 over 5 years
$2500-$1500 = $1000 in savings
Answer:
the answer is A) $1,000
since you want the interest the formula is I = P x R x T (principal x rate x time)
1) I = 20000 x 0.025 (you divide the rate by 100 to get a decimal) x 3
I = $1500
2) I = 20000 x 0.025 x 5
I = $2500
then all you have to do is minus the two answers
$2500 - $1500 = $1000
~serenity bella
x=6
Step-by-step explanation:
3(6)-5=13
18-5=13
13=13
The believe the rate of change is 3
Using rise and run
And also the x1 y1 * x2 y2 formula
Let me know if you want the full explanation. Have a great day! ❤