Troy has $28,900 in a savings account that earns 6% annually. The interest is not compounded. How much interest will he earn in 2 years?

PikkuKatja asked Jul 8, 2023

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28 votes

PikkuKatja asked Jul 8, 2023

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16 votes

First calculate the 6% of 28900

6 x 28900/ 100= $ 1734

now because IS NOT compound interest then multiply by 2 the result

2x $1734 = $3468

Htzfun answered Jul 15, 2023

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