Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Get immediate and reliable answers to your questions from a community of experienced professionals on our platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.
Sagot :
Based on the information given the amount she will earn in interest after 7 years is $14.
We would be using Simple interest formula to determine the interest earn.
Using this formula
Simple interest=Principal×Interest rate×Time
Where:
Principal=$100
Interest rate=2%
Time=7 years
Let plug in the formula
Simple interest=$100×2%×7
Simple interest=$14
Inconclusion the amount she will earn in interest after 7 years is $14.
Learn more about simple interest here: https://brainly.com/question/2294792
We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.