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1. Ben invests $500 in a savings account that earns 6% simple interest annually. After 2 years, how much interest will Ben have earned on his savings account? A. $30.00 B. $60.0…

1. Ben invests $500 in a savings account that earns 6% simple interest annually. After 2 years, how much interest will Ben have earned on his savings account? A. $30.00 B. $60.0…
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1 vote
1. Ben invests $500 in a savings

account that earns 6% simple
interest annually. After 2 years,
how much interest will Ben have
earned on his savings account?
A. $30.00
B. $60.00
C. $530.00
D. $560.00

asked
User Rekha
by
8.5k points

1 Answer

6 votes

Answer:

B

Explanation:

6% of $500 = $30

$30 * 2 = $60

$500 + $60 = $560

answered
User Gregtzar
by
8.3k points
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