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Nat2105 [25]
3 years ago
15

Help!! If anyone could help, I’ll give Brainly! :) thank you so much

Mathematics
1 answer:
OLga [1]3 years ago
5 0

9514 1404 393

Answer:

  $50

Step-by-step explanation:

The compounding period is 1 year, and the period of concern is 1 year. This means the simple interest formula will tell the answer to the question.

  I = Prt

  I = ($5000)(0.01)(1) . . . . . r = annual rate; t = years

  I = $50

The interest earned in the account is $50.

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