Hagrid deposited $4350 in a bank for five years at the simple interest rate of 0.65% how much interest will he earn ?how much mo ney does he have at the end of five years
1 answer:
Answer:
He will have $4491.38 after 5 years
Step-by-step explanation:
Simple Interest = (Principal × rate × time)/100
SI = (4350 × 0.65 × 5)/100
SI = 141.375
Interest after 5 years = $141.38
The total money he will have after 5 years is
$4350 + $141.38
= $4491.38
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