Mateo has $500 in a savings account that earns 1% annually. The interest is not compounded. How much will he have in total in 2 years?

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Thomas Kammeyer asked Feb 1, 2023

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24 votes

Mateo has $500 in a savings account that earns 1% annually. The interest is not

compounded. How much will he have in total in 2 years?

Mathematics
college

Thomas Kammeyer asked Feb 1, 2023

by Thomas Kammeyer

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12 votes

Answer:

$510

Explanation:

500/100= 5/1

meaning for 1% if 5 dollars

5+5+500=

510

Rolf Mertig answered Feb 2, 2023

by Rolf Mertig

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21 votes

Answer:

510 dollars

Explanation:

1% of 500 is

IndieRok answered Feb 7, 2023

by IndieRok

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