Asked by Cassie
Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest.
For year one
For year two
I started with $500. for year one
and $525. for year two and added the interest and ended up with 551.25 - and I was wrong...can someone please help
For year one
For year two
I started with $500. for year one
and $525. for year two and added the interest and ended up with 551.25 - and I was wrong...can someone please help
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