Answer: 32.2
Step-by-step explanation:
Answer:
NO
Step-by-step explanation:
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Literally just divide are you slow
This may be a simple interest computation.
Simple Interest = Principal * interest rate * term
Principal = 1,000
interest rate = 3%
term = 2 years
Simple Interest = 1,000 * 0.03 * 2
Simple Interest = 60
Total Amount after 2 years: 1,000 + 60 = 1,060