Question

Marco deposited $500 in a savings account earning 4% interest over 5 years.

What was the total amount of interest earned at the end of 5 years?

A.
$40

B.
$50

C.
$100

D.
$200

Answer 1

hi igreen

Answer 2

We can use the formula:

I = prt

I = (500)(0.04)(5)

Multiply those three numbers to get your answer.

Answer 3

100 @iGreen

Answer 4

Yep, that's our answer.

Answer 5

thxs

Answer 6

No problem.

Answer 7

heres your medal and fan

Answer 8

Oh, and

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Answer 9

can you help me with 4 more question @iGreen

Answer 10

@iGreen

Answer 11

Sure, just close this one and open a new one.