How much interest would be paid on $75 at 5% interest rate for 2 years??
1 answer:
Answer:
Step-by-step explanation:
Step one: because fractions are out of 100% you do
5%+100%= 105
105 divide by 100 which is equal to 1.05
Step two: it’s says two year so what you do is times the amount by the number you got
75x
=82.68 answer
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