Which equation shows the total interest amount (I) in this situation: the principal is $5000, the interest rate is 5%, and the number of years is 5?
A.I = 5000 x (5 + 0.5)
B.I = 5000 x (5 + 0.05)
C.I = 5000 x 0.5 x 5
D.I = 5000 x 0.05 x 5
SHOW YOUR WORK STEPS
