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Drupady [299]
3 years ago
7

If you put $100 in a savings account with an interest rate of 2% per year and left the money in the account for five years, how

much money would be in the account after five years?
Mathematics
1 answer:
777dan777 [17]3 years ago
5 0

Answer:

$510

Step-by-step explanation:

Formula for calculating money with simple interest: principle money × interest rate with 100% × period of time

Total amount of money = 100 × \frac{100+2}{100} × 5

                                       = 510

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