4 years ago

Mikalya put 500$ in the bank. The annual interest rate is 2 percent. How much money will mikalya earn in one year?

Business

1 answer:

Tema [17]4 years ago

5 0

Answer:

&10

Explanation:

This is a case of simple interest.

It gotten as Interest= Prt

Where:

P=principal

r=rate

t=time

Therefore

$500×2%×1= 10

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