Question

Can you deposit 1750 into investment account that will produce 6.05% annual interest the money was left in the car for two years how much interest has occurred after two years

Answer 1

Step-by-step explanation:

Find out how much you get money from the annual interest:

100% = 1750

1% = 1750 ÷ 100 = 17.5

6.05% = 17.5 x 6.05 = 105.87

Find out how much you get from interest in 2 years.

105.87 x 2 = 211.74

(Final answer)