lkkenyon06 lkkenyon06

06-08-2019
Mathematics

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You put $5,000 in the bank for 4 years with a 1.2% interest rate. How much interest is earned

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meghna300 meghna300

06-08-2019

Answer:

$240

Step-by-step explanation:

From question,

Principal amount,P=$5000

Time period,T=4 years

Internet rate,R=1.2%

Interest earned=(PRT)/100

or,$(5000*1.2*4)/100

or,$240

INTEREST=$240

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