How much interest is earned on an initial investment of $700 with a 5% annual rate for 2 years? Select one: $350 $700 $70 $35

asked Nov 18, 2021 168k views

5 votes

How much interest is earned on an initial investment

of $700 with a 5% annual rate for 2 years?
Select one:
$350
$700
$70
$35

by Rbbn

5.9k points

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4 votes

Answer:

$70

Explanation:

700*0.05=35

35*2=70

Pat Zabawa answered Nov 25, 2021

6.2k points

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