Question

600 at 5% for 2 years how to do the problem step by step please demonstrate and thank you very immensely appreciated.

Answer 1

process matters most xD

Answer 2

xD what does it even mean 600 at 5%

Answer 3

like you deposited 600, and theres a return of 5% a year?

Answer 4

or compounded 5%

Answer 5

simple interest

Answer 6

okay so u will get 5% of 600 every year

Answer 7

principal annual interest rate and time

Answer 8

ok

Answer 9

you will get 5% , twice as there are 2 years
so 2*(5% of 600)=2*0.05 * 600 = total interest in 2 years