## Amy deposits \$500 into an account that pays simple interest at a rate of 5% per year . How much interest will she be paid in the first 2 ye

Question

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## Answers ( )

Answer:$50

Step-by-step explanation:The formula for simple interest is: A=Prt/100

P=500

r=5

t=2

So, once you input the values it will be: A=500 x 5 x 2/100

And thus your answer will be $50

Answer:$50

Step-by-step explanation:pnr/100

500×5×2/100

$50