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Ann put $2,500 in the bank and left it for 2 years. At the end of the 2 years she found that she had $2,700. Calculate:
i) the simple interest earned.
ii) the annual rate percent paid by the bank.​

Respuesta :

Answer:

1. 200 per two years or 100/year, 2. 4%

Step-by-step explanation:

2700-2500=200 interest earned for two years or 100 per year

principle x interest rate =interest earned per year

2500 x interest rate =100

interest rate =100/2500

interest rate =.04 or 4%

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