Respuesta :

0.08* 50,000*5=20,000+50,000=$70,000

Answer:

$70,000

Step-by-step explanation:

An amount is invested  = $50,000

At simple interest rate = 8%

Time = 5 years

Formula for simple interest   A = P( 1 + rt )

Now we put the values in formula

A = 50,000 ( 1 + 0.08 × 5 )

A = 50,000 ( 1.4 )

A = $70,000

At the end of five years, the payable amount is  $70,000.

Otras preguntas