Answer:
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Step-by-step explanation:
lio;
Answer:
i think its 700
Step-by-step explanation:
7%of 2000 is 140 and 140 x 5 is 700
Principal amount of money deposited by Mat in the bank = $2000
Rate of simple interest given by the bank = 10%
Number of years for which the money is kept in the bank = 5 years
As no money was withdrawn from the account, so
Amount after 5 years = Principal [1 + (Rate * Time)]
= 2000 [ 1 + (10/100) * 5]
= 2000 [ 1 + (1/2)]
= 2000 * (3/2)
= 1000 * 3
= 3000 dollars
So the amount of money made by Mat after 5 years will be $3000.00
<em>t would be 8 if you are multiplying .</em>
