A bank is offering 2.5% simple interest on savings account if you deposit $5000 how much interest will you are in one year

Question

Mathematics

Marcos Small

13 April, 23:21

A bank is offering 2.5% simple interest on savings account if you deposit $5000 how much interest will you are in one year

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Memphis Herrera · Answer 1

5000 times 2.5% = 125.

If you are getting that from having your money in the bank, you add 125 to 5000

= 5125

If you are losing money, you'd subtract it

5000 - 125

= 4875