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IF Mary had 500.004 in the bank and earns an annual interest rate of 2%, how much will she earn in one year?

IF Mary had 500.004 in the bank and earns an annual interest rate of 2%, how much will she earn in one year?
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IF Mary had 500.004 in the bank and earns an annual interest rate of 2%, how much will she earn in one year?

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User Ryan Sparks
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7.9k points

1 Answer

5 votes
0.02*500.004 = 10.00008

Mary's account would be credited with $10.00 interest for the year.
answered
User Cage Rattler
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7.7k points
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