Question

Elijah trained dolphins all summer and put $5,000 of his earnings into a

Answer 1

Answer:(a)

Step-by-step explanation:

Given

Principal amount $P=\ 5000$

Rate of interest $R=3.5\ \%$

Time $T=5\ years$

Simple interest in 5 years

$S.I.=\dfrac{P\times R\times T}{100}$

$S.I.=\dfrac{5000\times 3.5\times 5}{100}$

$S.I.=875$

So total amount after five years$=5000+875=\ \ 5875$