kingjoseohine kingjoseohine

18-03-2021
Mathematics

contestada

Savannah has $92,637 in a savings account that earns 9% annually. The interest is not compounded. How much interest will she earn in 5 years

Respuesta :

samuelonum1 samuelonum1

23-03-2021

Answer:

$41686.65

Step-by-step explanation:

Given data

Principal = $92,637

Rate= 9%

Time= 5 years

The simple interest expression is given as

SI= PRT/100

Substitute

SI= 92637*9*5/100

SI= 4168665/100

SI=$41686.65

Hence the interest is $41686.65

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