SarahShaikh2468
Answered

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Isabella deposited $2,000 in an account that earns 5% simple annual interest. After one year, how much interest will her investment earns?

Sagot :

Answer:

2100

Step-by-step explanation:

5% of 2000 = 2000 x 1/20 = 100.

2000+100=2100

Also, if it said how much interest will her investment PAY, then it would be $100 because of the 5% simple interest.

Ans = $2,100
2000 x 1.05= 2100
1.00 = 100%
1.05 = 100% +5%
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