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10 votes
Alan has $300 in a savings account that earns 2% interest per year. The interest is not

compounded. How much interest will he earn in 2 years?

User Idstam
by
8.3k points

1 Answer

13 votes

Answer:

12.12

Explanation:

2 percent of 300 is 6 so add 6 then2 percent of 306 is 6.12 equaling to 12.12$ in interest

User Sameer Shah
by
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