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Martin deposited $2,000 into an account that earned 5% simple interest over 10 years. What is the amount of interest earned after 10 years?

Martin deposited $2,000 into an account that earned 5% simple interest over 10 years. What is the amount of interest earned after 10 years?
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Martin deposited $2,000 into an account that earned 5% simple interest over 10 years. What is the amount of interest earned after 10 years?

User Elmir
by
7.8k points

1 Answer

2 votes

Answer:

the answer is $1000

Explanation:

$2000×5%×10years÷100=$1000

User Dan Weaver
by
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