Ask Question
28 July, 09:25

Submit Answer 7. Ben invests $500 in a savings account that earns 6% simple interest annually. If he does not make any additional deposits or withdrawals, how much money will be in the savings account after 2 years?

+4
Answers (1)
  1. 28 July, 13:13
    0
    1 year 500 x. 06 = 30.00

    2 year 530 x. 06 = 31.80

    Answer 531.80
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Submit Answer 7. Ben invests $500 in a savings account that earns 6% simple interest annually. If he does not make any additional deposits ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers