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Edward deposited ​$10,000 into a savings account 2 years ago. The simple interest rate is ​2%. How much money did Edward earn in​ interest?

Respuesta :

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Step-by-step explanation:

Simple interest = PRT/100

S I = $10000 x 2 x 2

_____________

100

SI = $400

Answer:

$ 10,400

Step-by-step explanation:

Interest = P( 1 + rt)

10000 { 1 + ( 0.02 x 2 )

= 10000 * 1.04

= 10, 400

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