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Rey has $1,600 in his bank account. If he does not add or take away any money from the account, how much interest will it earn in one year at 2%?

Rey has $1,600 in his bank account. If he does not add or take away any money from the account, how much interest will it earn in one year at 2%?
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4 votes
Rey has $1,600 in his bank account. If he does not add or take away

any money from the account, how much interest will it earn in one year
at 2%?

asked
User Tishma
by
8.5k points

2 Answers

4 votes
Rey would have earned $32 in interest
answered
User William Barbosa
by
8.3k points
4 votes

Answer:

$32

Explanation:

1600 ×2/100 = 32

so if u need to find total

1600 + 32 = 1632

answered
User Austin Johnson
by
8.0k points
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