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Mary got a graduation gift of $2000 and will put it at a savings account that earns simple interest at 10% per year. What is the amount in her account every year for five years
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Mary got a graduation gift of $2000 and will put it at a

savings account that earns simple interest at 10% per
year. What is the amount in her account every year for five years

User Helpa
by
4.6k points

1 Answer

5 votes

the formula is simple interest = Price x rate x time

$2000 x 5 x 10% with is1000

User Zack Bartel
by
4.3k points
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