Question

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?​

Answer 1

$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

Answer 2

$10

Explanation: