Question

Find the total interest:
$40,900 at 6.2%
for 2 years

Answer 1

6.2% of 40,900 is $2535.8

To find out how much money it'll be in 2 year, you have to use multiplication.

2535.8 x 2 = $5071.6

The interest after 2 years is $5071.6

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