3 years ago

100 points

Mathematics

2 answers:

ad-work [718]3 years ago

8 0

Answer:

$450

Step-by-step explanation:

<u>Given:</u>

Principal P = $5000
Interest rate r = 9% simple
Time t = 1 year

<u>Interest amount:</u>

I = Prt/100
I = 5000*9*1/100 = 450

saw5 [17]3 years ago

5 0

Answer:

$4,500

Step-by-step explanation:

For simple interest,

I = prt,

where

I = interest

p = principal

r = annual interest rate

t = number of years

We have p = $5,000, r = 9% = 0.09; t = 1 year

I = $5,000 × 0.09 × 1

I = $450

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