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Heaven deposited 10,000 in bank which gives 6% interest and let it stay there for 5 years. 3. What is the rate? *​

Sagot :

Answer:

[tex]︎{\red{\rule{25pt}{100000pt}{\orange{\rule{25pt}{100000pt}{\yellow{\rule{25pt}{100000pt}{\green{\rule{25pt}{100000pt}{\blue{\rule{25pt}{100000pt} }}}}}}}}}}

︎{\red{\rule{25pt}{100000pt}{\orange{\rule{25pt}{100000pt}{\yellow{\rule{25pt}{100000pt}{\green{\rule{25pt}{100000pt}{\blue{\rule{25pt}{100000pt} }}}}}}}}}}︎[/tex]

Answer:

$13,000

An investment of $10000 today invested at 6% for five years at simple interest will be $13,000.