Question

If Mrs.Miller deposits $10,000 into a savings account for 5 years at 5% interest rate ,What is the total amount of money she will make?

Answer 1

I = C₀*i*t

I = 10.000*0,05*5

I = 2.500

C = C₀ + I

C = 10.000 + 2.500

C = 12.500