You deposit $300 in a savings account. The account earns 2% simple interest per year. What is the balance after 10 years?

Question

You deposit $300 in a savings account. The account earns 2% simple interest per year.
What is the balance after 10 years?

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Nguyệt Ánh 3 years 2021-08-16T02:21:39+00:00 1 Answers 0 views 0

Answers ( )

  1. ngockhue
    0
    2021-08-16T02:22:39+00:00
    Reply

    300x .02= 6

    6×10=60

    Therefore the answer is $360

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