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:
$550 500/100=5 | 5x2 (2%)= 10 | 10x5=50. 50 added to 500 is 550.
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Answer:
Step-by-step explanation:
10.50 X 40=420
55-40=15
15 X 2=30
15 divided by = 7.50
420+30+7.5= 450.5