Respuesta :
Answer:
$82.34 interest will he earn after 5 years
Step-by-step explanation:
Use the formula:
[tex]I = PRT[/tex] ......[1]
where,
I is the interest
P is the principal
R is the rate in decimal
T is the time in years.
As per the statement:
Jessie deposited $920 into a savings account that pays a simple annual interest rate of 1.79%.
⇒P = $920 , R= 1.79% = 0.0179
We have to find interest will he earn after 5 years.
T = 5 years
Substitute the given values in [1] we have;
[tex]I = 920 \cdot 0.0179 \cdot 5[/tex]
Simplify:
I = $ 82.34
Therefore, $82.34 interest will he earn after 5 years
