Question

Businesses deposit large sums of money into bank accounts. Imagine an account with $10 million dollars in it.

a. How much would the account earn in one vear of simple interest at a rate of
2.12067 Round to the nearest cent.

Answer 1

Answer:
21,206,700

Step-by-step explanation:
10,000,000 x 2.12067 = ____
This would mean the interest rate is ^ for one year. I’m not sure if you mean interest over months but that’s what it is with one over a year.