Answer:
2625
Step-by-step explanation:
Simple Interest Formula
P*R*T
1250*1.05*2=2625
Answer:
After two years, there will be a total of $1,375 paid and $125 paid in interest.
Step-by-step explanation:
Since, 5 x 2 = 10, first we should find 10% of $1,250.
1,250 x 0.10 = 125
$1,250 + $125 = $1375
Therefore, after two years, there will be a total of $1,375 paid and $125 paid in interest.
Hope this helps! :D
