Caroline deposited $500 into a savings account that pays a simple interest rate of 4% per year. Which

of the following is the closest to the interest she earned in 2 years?

Question

Payton Larson

Mathematics

27 October, 12:04

Caroline deposited $500 into a savings account that pays a simple interest rate of 4% per year. Which

of the following is the closest to the interest she earned in 2 years?

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Answers (1)

Know the Answer?

Kaydence Fowler · Answer 1

Answer: She would have earned $40s in interest over a 2 year period. Step-by-step explanation: 4% of $500 is $20. If you were to multiply by 2 because of 2 years, you would have $40.

Caroline deposited $500 into a savings account that pays a simple interest rate of 4% per year. Whichof the following is the closest to the interest she earned in 2 years?

Caroline deposited $500 into a savings account that pays a simple interest rate of 4% per year. Which

of the following is the closest to the interest she earned in 2 years?