You put $200 in a savings account. The account earns 2% simple interest per year. What is the interest earned after 5 years? (*hint: just the interest, NOT the total) Use the formula I = p.r.t

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Mar 22, 2022 6.8k views

0 votes

You put $200 in a savings account. The account earns 2% simple interest

per year. What is the interest earned after 5 years? (*hint: just the
interest, NOT the total)
Use the formula I = p.r.t

Mathematics
high-school

FelixSFD asked

by FelixSFD

4.2k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

4 votes

Answer:

interest total after 5 years is $20.82

Explanation:

Micheal Vu answered Mar 27, 2022

by Micheal Vu

4.0k points

0 Comments

Please log in or register to add a comment.

Ask a Question

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

4.4m questions

5.7m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions