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Mama L [17]
3 years ago
14

Amy deposits \$500 into an account that pays simple interest at a rate of 5% per year . How much interest will she be paid in th

e first 2 years?
Mathematics
2 answers:
Eddi Din [679]3 years ago
7 0

Answer:

$50

Step-by-step explanation:

pnr/100

500×5×2/100

$50

snow_tiger [21]3 years ago
7 0

Answer:

$50

Step-by-step explanation:

The formula for simple interest is: A=Prt/100

P=500

r=5

t=2

So, once you input the values it will be: A=500 x 5 x 2/100

   And thus your answer will be $50

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