Ninabmth Ninabmth

17-03-2016
Mathematics

contestada

Ellie has $30 in a savings account that earns 7% interest. How much will she have in total in 5 years? A.$10.50 B.$1050 C. $40.50 D. $32.50

Respuesta :

olemakpadu olemakpadu

17-03-2016

Assuming simple interest.

Simple Interest = PRT/100

Simple Interest = 30 * 7 * 5 /100 = 10.50

Simple Interest = $10.50

Amount = Principal + Interest = $30 + $10.50 = $40.50

(C)

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