savi6398 savi6398

09-10-2021
Mathematics

contestada

2.
Elijah deposited $25,000 in his bank account where it will earn 3% interest.
A.How much interest will Elijah earn in 5 years?
B. How much will he have in his account after 5 year’s?

Respuesta :

jjodlask jjodlask

09-10-2021

Answer:

a. 5years he earns $3,750.00

b. his account is 28,750.00

Step-by-step explanation:

25,000 with a 3% interest

take 25,000 times it by 3%

interest is $750.00 per year

750 times 5 years is 3,750

3,750 plus 25,000 is $28,750.00

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