kimnguyentexas kimnguyentexas

17-10-2020
Mathematics

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Parker invests $1000 for 5 years at a simple rate of 10%.

A. How much interest will Parker earn after 5 years?

B. What will be the total amount that Parker will have after 5 years?

Parker invests 1000 for 5 years at a simple rate of 10 A How much interest will Parker earn after 5 years B What will be the total amount that Parker will have class=

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snappingcandy snappingcandy

17-10-2020

Answer:

SI=PTR/100

= 1000×5×10/100

=$500

Parker will receive $500 as interest.

Amount=$500+$1000

=$1500

Parker will have $1500 altogether.

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