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Ryan deposited $1,000 into an accontthat earns 5% simple annual interest. how much does ryan have total after 10 years

Ryan deposited $1,000 into an accontthat earns 5% simple annual interest. how much does ryan have total after 10 years
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ryan deposited $1,000 into an accontthat earns 5% simple annual interest. how much does ryan have total after 10 years

User Alireza Alallah
by
7.4k points

1 Answer

6 votes

Answer:

$500

Explanation:

1000x.05=50 per year

50/year x 10 years =500

User Dehli
by
7.9k points
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