mylayah8282 mylayah8282

06-01-2019
Mathematics

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22 points plz help): Sara earns 5% simple interest on her 2,500 certificate of deposit.how much simple interest will Sara earn in a year ..? Plz help me and explain your answer thank you ..plz help me give the right answer plz... and explain

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kgasper99 kgasper99

06-01-2019

Answer:

$125 in a year ($2,625 total)

Step-by-step explanation:

We know that a percentage is out of 100 so we set up a proportion:

5/100 = x/2500

When we crossmultiply we get 12,500 then we divide by 100, getting us 125.

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