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Joey invests 500 at 5% simple interest how much interest will he earn in 2 years?

Joey invests 500 at 5% simple interest how much interest will he earn in 2 years?
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1 vote
Joey invests 500 at 5% simple interest how much interest will he earn in 2 years?

asked
User Cchalmers
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8.3k points

1 Answer

3 votes
I = p x r x t
Interest = 500 x .05 x 2
Interest = 50
answered
User Jesse Shieh
by
8.1k points
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