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Anonymous Anonymous
  • 23-02-2017
  • Mathematics
Answered

PLZZZ HELLPPPP

Mitchell has $180 in a savings account that earns 10% annually. If the interest is not compounded, how much interest will he earn in 2 years?

A$3.60
B$18.00
C$36.00
D$216.00

Verified Answer :

Kewlguy45
Kewlguy45 Kewlguy45
  • 23-02-2017

10% of 180 is 18, so over 2 years that is 20%, so 36 dollars.

Answer Link
JazzThePug JazzThePug
  • 23-02-2017
C$36.00 for two years because you divide $180 by 10% and you get 18. 18 multiplied by 2 years equals 36 dollars.
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