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kenny6666 [7]
3 years ago
8

What is the simple interest on 500 for 5 years at the rate of 5% per annum

Mathematics
2 answers:
shepuryov [24]3 years ago
3 0

Answer:

125

Step-by-step explanation:

Formula Simple interest:

P x r x t

jeka943 years ago
3 0
I = principal x rate x time
I = 500 x .05 x 5
I = 125

( time is always expressed in years and you convert rate to a decimal )
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