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Alexxx [7]
2 years ago
8

Rafael deposits $5000 into and account that pays simple interest at an annual 5%. He does not make anymore deposits. He makes no

withdrawals until the end of 6 years when he withdraws all the money.
Answer the following questions.
A)How much total interest will Rafael earn?

B)What will the total amount in the account be(including interest)?
Mathematics
2 answers:
nekit [7.7K]2 years ago
5 0

Answer:

Step-by-step explanation:

sorry idk

LuckyWell [14K]2 years ago
4 0

Answer:

$6500

Step-by-step explanation:

1.05 is Simple Interest of 5%

5000 times 1.05 equals 5250

5250 minus 5000 equals 250

250 times the 6 years is 1500

1500 plus 5000 is 6500

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