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mel-nik [20]
3 years ago
15

Maria put $500 into a savings account. She made no more deposits or withdrawals. The account earns 2% simple interest per year.

How much money will be in the account after 5 years?
$550


$5,000


$1,000


$50
Mathematics
1 answer:
lora16 [44]3 years ago
3 0
$550   500/100=5 | 5x2 (2%)= 10 | 10x5=50. 50 added to 500 is 550.
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