Let's say Jeff Bezos, owner of Amazon, takes 5,000,000,000 and puts it in a savings account with a simple interest rate of 5% for just 1 year. How much interest would Jeff make, just doing nothing and letting his money just sit in the bank? $4

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Here's why super rich people will never lose any money.
Let's say Jeff Bezos, owner of Amazon, takes 5,000,000,000 and puts it in a savings account with a simple interest rate of 5% for just 1 year.
How much interest would Jeff make, just doing nothing and letting his money just sit in the bank?
Transcribed Image Text:Here's why super rich people will never lose any money. Let's say Jeff Bezos, owner of Amazon, takes 5,000,000,000 and puts it in a savings account with a simple interest rate of 5% for just 1 year. How much interest would Jeff make, just doing nothing and letting his money just sit in the bank?
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