Respuesta :

angelyna27

Answer:

The interest is $1500 and the amount is $6500.

Step-by-step explanation:

I=P⋅i⋅t, where I is interest, P is total principal, i is rate of interest per year, and t is total time in years.

P = $5000, i = 10% and t = 3 years

5000×0.1×3=1500

5000+1500=6500

stevenslusser

Answer:

[tex]I=\$1,500[/tex]

Step-by-step explanation:

The formula for simple interest is: [tex]I=P\times{r}\times{t}[/tex] where [tex]P[/tex] is the principal, [tex]r[/tex] is the interest rate, and [tex]t[/tex] is the time in years. Therefore:

[tex]I=P\times{r}\times{t}\\I=\$5,000\times{0.10}\times{3}\\I=\$1,500[/tex]

Otras preguntas