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justin deposits $200 into an account that pays simple interest rate at 2% per year. How much interest will he be paid in the fiest 5 years?​
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1 vote
justin deposits $200 into an account that pays simple interest rate at 2% per year. How much interest will he be paid in the fiest 5 years?​

User Autoboxer
by
4.8k points

2 Answers

2 votes

Answer:

$20

Explanation:

use interest rate formula

I=prt

p=principal

r=rate of interest

t=time

i=200*0.02*5

i=20

the interest earnt is $20

User Persepolis
by
6.1k points
3 votes

Answer:

$10

Explanation:

User Ilion
by
5.8k points
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