Question

I WILL GIVE MEDAL OR A FAN!!

Mary deposits $1,000 from her part time job intro an account that earns 5% How much interest will Mary earn after 2 years?

Answer 1

Well first if she gets 5% every year its gonna be
!,000*5=?
?*5=?

Answer 2

1,000 my bad lol

Answer 3

So it's 5,000 right?

Answer 4

it should come out to 2250

Answer 5

because you remeber 5 percent in a decimal is .5

Answer 6

Thank you so much : )

Answer 7

No probelm!

Answer 8

Also, another question.. Cara puts $60 in a bank account. she has an annual interest rate of 3.5. She earned $21 in interest. How long did she have the bank account?

Answer 9

k

Answer 10

1 year

Answer 11

Thank you!

Answer 12

Can you tell me how you got one year please?

Answer 13

Np

Answer 14

k

Answer 15

3.5 as a percent is 3.5 as a decimal

Answer 16

so multiply that with 60 you get 210

Answer 17

since it was 3.5 you move the decimal over once and you get 21.0

Answer 18

Thank you : ]

Answer 19

np