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OpenStudy (anonymous):
ignacio earns 5 percent simple interest annually on his savings account. How much interest will he earn each month on $1,250? Simple interest=p*r*t
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OpenStudy (lgbasallote):
first..solve for the annual interest i = p*r*t where: p = 1250 t = 1 r = 0.05 can you try to solve for i?
OpenStudy (anonymous):
It will be\[ \ \huge $1,250 * (.05 ÷12) = $5.21 \]
OpenStudy (anonymous):
Get that
OpenStudy (anonymous):
yea thanks
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