Question

Edward deposited $10,000 into saving accounts 2 years Ago. The simple interest rate is 2%. How much money did Edward earn in interest.

Answer 1

the answer is someone else can

Answer 2

S = P (r)(t)

Explanation:

S = Simple interest

P = Principle

r = rate

t = time

S = (10000 x 2%)x2

Work brackets first 10000 x 2% = 200

then 200 x 2 = 400

S = 400