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Your savings account pays 5% simple interest. you opened your savings account with $200, and did not add any additional deposits. after 2 years, your account balance is approximately
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3 votes
Your savings account pays 5% simple interest. you opened your savings account with $200, and did not add any additional deposits. after 2 years, your account balance is approximately

User Sujit Prasad
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2 Answers

4 votes
220 dollars using the formula for calculating simple interest
User Andrew Zaw
by
9.4k points
2 votes
it would be $220

hope this helps you
User DDRamone
by
8.2k points
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