kchpak777
contestada

PLEASE, I NEED ANSWER NOW!
Molly had $30 in a savings account. The simple interest is 5% per year. How much interest she earn in 2 years?

Please explain how did you get it.

Respuesta :

devishri1977

Answer:

Step-by-step explanation:

P = $ 30

r (rate of interest) = 5%

t (no. of years = 2 years

Simple interest = Prt/100

[tex]=\frac{30*5*2}{100}\\\\=\frac{3*5*2}{10}\\\\[/tex]  

= $3

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