SOLUTION: If Tara invests $10,000 at 5% interest for 5 years, what will her earnings be at the end

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Question 865779: If Tara invests $10,000 at 5% interest for 5 years, what will her earnings be at the end
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
Assuming simple interest, she will earn P*r*t = 10000*0.05*5 = 2,500 dollars in interest.


So she'll have a total of 10,000+2,500 = 12,500 dollars in the account at the end of the 5 year period.