What is the interest earned if $600 at 5% for 2 years

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asked Mar 17, 2024 112k views

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Tom McDonough · Answer 1 · 2024-03-23T07:45:08+0000

Answer:

The interest is 0.05

Explanation:

because u multiple the the principal (P) by the rate and time and after the decimal value is for 5% and the time (T) should be 2 because you earned for 2 years ( T=2 years)

What is the interest earned if $600 at 5% for 2 years

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