dixonbrends168 dixonbrends168

21-03-2020
Mathematics

contestada

an account invested 5000 at a simple interest rate of 8% for 2 years.What total amount of money will she have from her investment?

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JDLin7176 JDLin7176

21-03-2020

Answer:

$5800 total in the investment or $800 of interest

Step-by-step explanation:

Simple Interest Rate Formula:

A=P(1+rt)

P-Principle

r- rate

t- time (yrs)

A= 5000(1+0.08)* 2= $5800

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