Angela12Mari
Answered

At Westonci.ca, we provide clear, reliable answers to all your questions. Join our vibrant community and get the solutions you need. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

pleeeeeeeease help me im so confused!!!  m has put $500 into a savings account that pays her 2% annual interest, how much will her $500 be worth after 2 months?

Sagot :

first form an equation: 500+(500*0.02x)=y
2% is the annual interest so 2 months would be 1/6 (of 2%.
2% of $500 is $10. 1/6 of of $10 is $1.67.
Add that to your initial $500, and you get $501.67, so your $500 dollars will be worth $501.67 after 2 months
apologiabiology
so m puts in 500 dollars
it's 2% or 2/100 in a year or 12 months
so in 2 months or 1/6 year
she will get 2/600=0.33%
so 0.33% of 500=1.6666
1.6666+500=501.666
that's great considering that after 4 years saving at wells fargo I only got 16  cents interest
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.