1 answer:
Answer:
a) $1250 b) $6250
Step-by-step explanation:
1. I = PRT
2. Sub in what you know into the equation.
I = $5000 x 0.025 x 10
3. Put this into a calculator and you get $1250. This is the simple interest earned.
4. For B, simply add $1250 to $5000 to get $6250. This is how much Jamals investment will be worth at the end of the term.
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