kaseymushlit3
kaseymushlit3 kaseymushlit3
  • 30-05-2019
  • Business
contestada

What interest would you earn if you deposited $4,300 in the bank at 5% interest for 10 years? Please explain!!!!!

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brownd643
brownd643 brownd643
  • 30-05-2019

Using formula for simple interest PxTxR/100

Principal: $4300

Time: 10 years

Rate: 5%

4300*10*5/100

$2150

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