bellafiresoccer08 bellafiresoccer08

23-03-2021
Mathematics

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Omar deposits 58000 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first 5 years?

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Gphakathi Gphakathi

24-03-2021

Answer:

58 000 x 2/100 = 1 160

1160 x 5 = 5800

58 000 + 5 800 = 63 800

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