galaxywolfie90 galaxywolfie90

17-12-2020
Mathematics

contestada

greg invests 500$ in a savings account that earns 4% simple interest annually. if he does not make any additional deposits or withdrawals, how much money will be in the savings account after 5 years?

Respuesta :

ariahope321 ariahope321

17-12-2020

Answer:

The answer is 100.

Step-by-step explanation:

4% of $500 is $20. If Greg collects $20 each year 5 times in a row, he will have earned $100.

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17-12-2020

Greg will earn $100 dollars

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