edengrove123
edengrove123 edengrove123
  • 01-05-2021
  • Mathematics
contestada

Cindi deposited $300 at 7.5% simple interest rate. How much interest will she earn after 5 years?

Respuesta :

melodyellison
melodyellison melodyellison
  • 01-05-2021

Answer:

$431

Step-by-step explanation:

using the formula P(1+r/100)^n,

we can substitute the P with $300,

substitute the r with 7.5%,

and substitute the n with 5.

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