Question

If you deposit $5000 into a savings account, you will earn 6.5% simple interest over the first 10 years. How much interest will the account earn over this period?

Answer 1

Answer:

$3250

Step-by-step explanation:

interest=deposit×simple interest×time

interest=5000×6.5%×10

5000×65/1000×10=3250

ans;$3250