Answer:
He earn $60 after 2 years
Step-by-step explanation:
Jordan's parents gave him amount for high school graduation = $500
Account interest = 6%
Time taken = 2 years
Formula : Simple interest = [tex]\frac{P \times T \times R}{100}[/tex]
Simple interest = [tex]\frac{500 \times 2 \times 6}{100}[/tex]
Simple interest =60
So, He earned amount after 2 years = Rs.60
Hence he earn $60 after 2 years
