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pochemuha
3 years ago
10

HELP ME PLEASE ******* if you put 525$ into a savings account that paid a simple interest rate of 6.5% how much would your accou

nt be in 2 years? how much interest did you earn ?
Mathematics
1 answer:
Delvig [45]3 years ago
6 0

Answer:

account in 2 years: $593.25

interest earn: $68.25

Step-by-step explanation:

A = P(1 + rt)   P: initial saving       r: interest rate         t: period

A = 525 ( 1 + 0.065 x 2) = 593.25

I: A - P = 593.25 - 525 = 68.25

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