What is the simple interest earned for each year on $100 at 2%

asked Aug 13, 2022 49.8k views

0 votes

5.5k points

Please log in or register to add a comment.

6 votes

Answer:0.02

Explanation:First, converting R percent to r a decimal

r = R/100 = 2%/100 = 0.02 per year

Jeff Kelley answered Aug 14, 2022

5.0k points

4 votes

$2? i think cause like 2/100 is 2 percent

Sakana answered Aug 17, 2022

5.1k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.7m questions

7.4m answers