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

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 years?

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Kylie 4 weeks 2021-09-23T01:54:42+00:00 2 Answers 0

Answers ( )

    0
    2021-09-23T01:56:10+00:00

    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

    0
    2021-09-23T01:56:29+00:00

    Answer:

    $50

    Step-by-step explanation:

    pnr/100

    500×5×2/100

    $50

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