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Selena2345

You invest $5000 for 1 year at 8 1/2 %. How much interest will you earn ?

  • one year ago
  • one year ago

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  1. chamel0305
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    I = prt

    • one year ago
  2. chamel0305
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    that is the formula.

    • one year ago
  3. Selena2345
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    I know that

    • one year ago
  4. Selena2345
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    can you show your work

    • one year ago
  5. Chlorophyll
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    @Selena2345 then apply it, will you :)

    • one year ago
  6. chamel0305
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    sooo....plug the numbers into the formula. I =prt I = 5000 * 8.5 * 1

    • one year ago
  7. chamel0305
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    then u can figure it out simran.

    • one year ago
  8. Selena2345
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    I=5000x8.5x1=42500

    • one year ago
  9. Chlorophyll
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    @Selena2345 Pay attention to % ( 8.5%) rate!

    • one year ago
  10. chamel0305
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    .085.........my bad

    • one year ago
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