Question

Edward deposited ​$5000 into a savings account 5 years ago. The simple interest rate is ​2%. How much money did earn in​ interest?

Interest​=$____*____*____

Answer 1

Answer:

• $500

Step-by-step explanation:

• Deposit = $5000
• Interest rate = 2% simple
• Time = 5 years

Interest amount is:

• $5000*2*5/100 = $500