charltte charltte

03-05-2021
Mathematics

contestada

You deposit $100 in your bank account. The account earns 2% simple interest in 5 years. How much interest did you earn?

Respuesta :

TaMoriaS05 TaMoriaS05

04-05-2021

Answer: $200

Step-by-step explanation:

Simple Interest: I=prt

I=(principal)(rate/time)(time)

I=(100)(2/5)(5)

I= 200

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