An account earns simple interest. $600 at 5% for 2 years a. Find the interest earned. $=? b. Find the balance of the account. $?

asked Apr 26, 2023 28.4k views

11 votes

An account earns simple interest.

$600 at 5% for 2 years

a. Find the interest earned.

$=?

b. Find the balance of the account.

$?

by Helam

6.2k points

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Answer:

a= $60

b= $660

Explanation:

0.05 x 600 = 30

30x2 =60

StuartDTO answered May 2, 2023

5.6k points

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