Problema Solution
Richard put $9700 in a savings account at 5 percent simple interest. How much money did he get when he withdrew his money after 5 years?
Answer provided by our tutors
I = Prt
I = (9700)(.05)(5)
I = 2425
2425 + 9700 = 12125
Richard put $9700 in a savings account at 5 percent simple interest. How much money did he get when he withdrew his money after 5 years?
I = Prt
I = (9700)(.05)(5)
I = 2425
2425 + 9700 = 12125