anixavier6 anixavier6

14-12-2020
Mathematics

contestada

PLEASE HELP ME WITH THIS
Elijah started a college fund of $25,000 for a term of five years.The interest rate is 2.9 percent annually.How much interest will he have earned at the end of the term?

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clarch19 clarch19

14-12-2020

Answer:

Interest = Principal x rate x time

I = 25000(.029)(5) = $3,625

Step-by-step explanation:

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