Question

Anna put $500 into a savings account and made no more deposits or withdrawals. The account earns 2% simple interest per year. How much money will be in the account after 5 years?

Answer 1

50

Explanation:

What I did was 2 divided by 100 = 0.02 Then multiply 0.02 times 500 and you should get 10 then multiply by how many years of interest and you get 50

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