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Ali opened a saving account with 500$. After 2 years the total interest he earned was 10$. What was the annual interest rate?

Ali opened a saving account with 500$. After 2 years the total interest he earned was 10$. What was the annual interest rate?
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Ali opened a saving account with 500$. After 2 years the total interest he earned was 10$. What was the annual interest rate?

User Cfprabhu
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1 Answer

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Answer:

1 percent

Explanation:

1 percent of 500 is 5 5 times 2 is 10

User Equan
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