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3 years ago

9

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:

zloy xaker [14]3 years ago

6 0

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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