Bianca deposits $3000 in a savings account earning 4.25% simple interest per year. How much interest will Bianca earn for a peri
od of 5 years?
1 answer:
Answer:
$637.50
step by step explanation :
P = $3000
t= 5years
r = 4.25% per annum
Interest = (p×r×t)/100
= (3000×4.25×5)/100
= $637.50
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