Simon Earned $1,000 after depositing $2,000 in his simple interest account for 10 years. What is his interest rate?

asked Sep 17, 2021 156k views

3 votes

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5 votes

Answer:

$5,000

50%

Explanation:

$1,000×100=10,000

10,000÷2,000= 500

500×10= 5,000

Krystian answered Sep 23, 2021

6.4k points

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