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Heather deposits $500 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first years?

Heather deposits $500 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first years?
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Heather deposits $500 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first years?

User Omid Ebrahimi
by
8.3k points

1 Answer

5 votes
$10 in interest

500x.02
User Ronash
by
7.7k points
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