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Mathematics

Answered

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 :

Mhanifago Mhanifago

Answer:

$500

Step-by-step explanation:

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

Interest amount is:

$5000*2*5/100 = $500

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