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2 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

1 answer:

lora16 [44]2 years ago

3 0

$550 500/100=5 | 5x2 (2%)= 10 | 10x5=50. 50 added to 500 is 550.

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