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You deposit $100 in your bank account. The account earns 2% simple interest in 5 years. How much interest did you earn?

You deposit $100 in your bank account. The account earns 2% simple interest in 5 years. How much interest did you earn?
asked 1.5k views
2 votes
You deposit $100 in your bank account. The account earns 2% simple interest in 5 years. How much interest did you earn?

asked
User Mastro
by
8.5k points

1 Answer

4 votes
Answer is $110.4080803 or $110.41 rounded
answered
User Bpereira
by
8.4k points
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