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

Question

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] · Answer 1 · 2022-08-01T16:00:42+03:00

nekit [7.7K]2 years ago

5 0

Answer:

Step-by-step explanation:

sorry idk

LuckyWell [14K] · Answer 2 · 2022-08-01T17:14:20+03:00

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