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URGENT 100 POINTS WILL MARK BRAINLIEST
Linda deposits $400 into an account that pays simple interest at a rate of 5% per year. How much interest will she be paid in the first 5 years?

Respuesta :

  • P=$400
  • R=5%
  • T=5years

So

  • I=PRT/100
  • I=400(5)(5)/100
  • I=4(25)
  • I=$100
semsee45

Answer:

$100

Step-by-step explanation:

Simple interest formula

I = Prt

where:

  • I = interest
  • P = principal
  • r = interest rate (in decimal form)
  • t = time (in years)

Given:

  • P = $400
  • r = 5% = 0.05
  • t = 5 years

Substituting the given values into the formula and solving for I:

⇒ I = 400 · 0.05 · 5

     = 100

Therefore, Linda will be paid $100 of interest in the first 5 years.