lynvalwatson7 lynvalwatson7

08-06-2021
Mathematics

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rose has $500 in her savings account she earns simple interest at 5% per annum. calcutate the interest she earns after two year.

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abidemiokin abidemiokin

17-06-2021

Answer:

$50

Step-by-step explanation:

Interest = PRT/100

Principal P = $500

Rate R = 5%

Time T = 2years

Get the interest

Interest = 500*5*2/100

Interest = 5 * 5 * 2

Interest = $50

Hence the interest eaned after 2years is $50

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