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Find the amount on P55, 000 at 5 ½ % simple interest for 5 years. O A. P71, 875 O B. P70, 125 O C. P72, 875 O D. P73, 125

Find the amount on P55, 000 at 5 ½ % simple interest for 5 years. O A. P71, 875 O B. P70, 125 O C. P72, 875 O D. P73, 125

Elementary Algebra
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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Find the amount on P55, 000 at 5 ½ % simple interest for 5 years. O A. P71, 875 O B. P70, 125 O C. P72, 875 O D. P73, 125
Transcribed Image Text:Find the amount on P55, 000 at 5 ½ % simple interest for 5 years. O A. P71, 875 O B. P70, 125 O C. P72, 875 O D. P73, 125
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