Sofyyami Sofyyami

13-12-2016
Mathematics

Answered

$1,000, 5%, 2 years of simple interest paid to the nearest cent

Verified Answer :

Mcawesom Mcawesom

13-12-2016

using the formula for simple interest
(1000 X 5 X 2)/100
the answer is $100 but to the nearest cent it is 10000cents

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