180k views
4 votes
7. Karen opened a savings account with $500. The money earns 0.2% interest per month. If she does not make any withdraws or any more deposits, approximately how much money will Karen have in the account after two years?

(North Carolina Math 2)

A. $502 B. $512 C. $515 D. $525

User Wayne Liu
by
4.4k points

2 Answers

0 votes
The answer would be A. 502
User Michael Fourre
by
4.3k points
7 votes

Answer:

The answer is A

Explanation:

0.2% of 500 is 1 so in two year she would have 502$

User Gregghz
by
4.4k points