You put $5,000 in the bank for 4 years with a 1.2% interest rate. How much interest is earned
1 answer:
Answer:
$240
Step-by-step explanation:
From question,
Principal amount,P=$5000
Time period,T=4 years
Internet rate,R=1.2%
Interest earned=(PRT)/100
or,$(5000*1.2*4)/100
or,$240
INTEREST=$240
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