pinkgang70 pinkgang70
  • 12-09-2020
  • Mathematics
contestada

A savings account of 5,000 for 12 years simple at an annual interest rate of 6%

Respuesta :

enochdemigod27
enochdemigod27 enochdemigod27
  • 12-09-2020

Step-by-step explanation:

I=(pxRxt)/100

I=(5000×6×12)/100

I=$3600

amount to be received at the end of the 12yrs

5000+3600

=8600

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