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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12-10-2017
Mathematics

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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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AshaweeB AshaweeB · Answer 1 · 2017-10-12T14:22:30+02:00

AshaweeB AshaweeB

12-10-2017

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

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