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

A

Answer 2

how did you work it out

Answer 3

@DAVPAS1 dont give direct answers otherwise the openstudier will never get on how to solve this problem....this is in violation of the code of conduct....

Answer 4

lets see what u would put

Answer 5

@DAVPAS1 is incorrect...

To solve you would use this equation....

\(\huge{I(interest)=PRT}\)

We input what we know....

\(\huge\color{purple}{I=(500)(.04)(5)}\)

Answer 6

I think b

Answer 7

try to slove it

Answer 8

So what would the interest amount be?

Answer 9

c 100

Answer 10

Correct ^^

Answer 11

good job