Respuesta :
Answer:
$70,000
Step-by-step explanation:
An amount is invested = $50,000
At simple interest rate = 8%
Time = 5 years
Formula for simple interest A = P( 1 + rt )
Now we put the values in formula
A = 50,000 ( 1 + 0.08 × 5 )
A = 50,000 ( 1.4 )
A = $70,000
At the end of five years, the payable amount is $70,000.
