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You make a one time deposit of 2000 years that earn 5% simple interest. how much interest would you earn in 2 years ?

You make a one time deposit of 2000 years that earn 5% simple interest. how much interest would you earn in 2 years ?
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5 votes
you make a one time deposit of 2000 years that earn 5% simple interest. how much interest would you earn in 2 years ?

User Vorou
by
7.5k points

1 Answer

4 votes

Answer:

$2205

Explanation:

equation set up

2000 (1.05)^2

User Jijo Paulose
by
7.7k points
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