kammichelle08 kammichelle08

23-03-2021
Mathematics

contestada

Diego deposited $5,000 at a rate of 6.25 % for 20 years . Find the simple interest and amount of money Diego had in the bank after 20 years.

Respuesta :

eneaa134 eneaa134

23-03-2021

Answer:

First find the rate for a year .

5000 dollars × 6.25 = 31 250

After you find it multiply it by 20 ( because there are 20 years)

31 250 × 20 = 625000

Answer Link

kaniaf0714 kaniaf0714

23-03-2021

Answer:

Diego had 6,250 in the bank after 20 years.

Step-by-step explanation:

5,000/100=50

50*6.25=312.5*20=6250

Answer Link

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