Question

How much interest would be paid on $75 at 5% interest rate for 2 years??

Answer 1

Explanation:

Step one: because fractions are out of 100% you do

5%+100%= 105

105 divide by 100 which is equal to 1.05

Step two: it’s says two year so what you do is times the amount by the number you got

75x
`1.05{2}`

=82.68 answer