omgtorabae omgtorabae

09-12-2020
Mathematics

contestada

marsha deposited $9,500 into a savings account 3 years ago. The simple interest rate is 5%. How much money did marsha earn in interest?

Respuesta :

kendallfelder kendallfelder

10-12-2020

Answer:

$ 10, 925

Step-by-step explanation:

Interest = P( 1 + rt)

9500 { 1 + ( 0.05 x 3 ) }

= 9500 x 1.15

= $ 10,925

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