You start with 5000.00. simple interest and yields .37% apr how much interest earned in one year?

$1850.

Step-by-step explanation:

We are asked to find amount of interest earned in one year on an amount of $5000.

We will use simple interest formula to solve our given problem.

, where,

I = Amount of interest earned,

r = Annual interest rate in decimal form.

t = Time in years.

Let us convert our given interest rate in decimal form.

Upon substituting our given value in simple interest formula, we will get:

Therefore, an amount of $1850 is earned as interest in one year.

16

step-by-step explanation:

2 x 40 = 80

80/5

= 16