The amount after time t will be given by simple interest formula given by:
A=prt/100
where:
principle,p=$175
rate, r=3.5%
time, t=5 years
thus the rate earned after 5 years will be:
A=(175*3.5/100*5)
A=$30.625
Answer: B] 30.65
Answer:
144
Step-by-step explanation:
6^2 = 6x6 = 36
36 x 4 = 144
Answer:
6%.
Step-by-step explanation:
We have been given that Tammy deposited $520 in the bank account that earns simple interest every year after 5 years she had earned $156.
To find the interest rate we will use simple interest formula.

I= Interest.
P= Principal amount.
r=Annual interest rate (in decimal form).
T= Time in years.
We have been given that I=156, T=5, P=520
Upon substituting our values in above formula we will get,




Let us multiply 0.06 by 100 to convert annual interest rate in percentage.

Therefore, the annual interest rate was 6%.
Answer:
Yes it does
Sorry I need 20 characters so 2+2=4 there you go