Diego deposited $5,000 at a rate of 6.25 % for 20 years . Find the simple interest and amount of money Diego had in the bank aft

Question

3 years ago

14

er 20 years.

2 answers:

sammy [17] · Answer 1 · 2022-08-16T04:56:56+03:00

sammy [17]3 years ago

5 0

Answer:

First find the rate for a year .

5000 dollars × 6.25 = 31 250

After you find it multiply it by 20 ( because there are 20 years)

31 250 × 20 = 625000

storchak [24] · Answer 2 · 2022-08-16T06:48:47+03:00

4 0

Answer:

Diego had 6,250 in the bank after 20 years.

Step-by-step explanation:

5,000/100=50

50*6.25=312.5*20=6250