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PLZZZ HELLPPPP Mitchell has $180 in a savings account that earns 10% annually. If the interest is not compounded, how much interest will he earn in 2 years? A) $3.60 B) $18.00 C) $36.00 D) $216.00
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PLZZZ HELLPPPP

Mitchell has $180 in a savings account that earns 10% annually. If the interest is not compounded, how much interest will he earn in 2 years?
A) $3.60
B) $18.00
C) $36.00
D) $216.00

User Dima Mamchur
by
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2 Answers

5 votes
10% of 180 is 18, so over 2 years that is 20%, so 36 dollars.
User Godlike
by
6.8k points
2 votes
C) $36.00 for two years because you divide $180 by 10% and you get 18. 18 multiplied by 2 years equals 36 dollars.
User Wes Nolte
by
7.0k points
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