JaedinX675008 JaedinX675008

04-11-2022
Mathematics

contestada

Troy has $28,900 in a savings account that earns 6% annually. The interest is not compounded. How much interest will he earn in 2 years?

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JourdanG419291 JourdanG419291

04-11-2022

First calculate the 6% of 28900

6 x 28900/ 100= $ 1734

now because IS NOT compound interest then multiply by 2 the result

2x $1734 = $3468

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