jlbell2006 jlbell2006

25-04-2020
Mathematics

contestada

Abby has $200 in a savings account that earns 5% annually. The interest is not compounded, but simple interest. How much money will she have total at the end of 2 years

Respuesta :

anonymous9250 anonymous9250

25-04-2020

Answer:

we know

simple interest=principal×time×rate/100

then

S.I=($200×5×2)/100

so S.I=$20

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