silviocoto19school
Answered

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Mark deopsits $500 into a bank account. He gets a 3% interest rate. How much money will Mark earn in interest over 5 years?

$150
$750
$75
$10

Sagot :

musiclover10045

Simple interest formula :


total = starting amount x (1 + ( interest rate x time))


total = 500 x (1 + (.03 x5))

Total = 575

Interest = 575-500 = 75


answer: $75

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